The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) for January was 52.4, increasing 0.6 points from December 2025 and marking the sixth consecutive month above the 50-growth point. Manufacturers reported growth in production, with output outpacing new orders.
The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times, and stocks of raw materials. A reading above 50 indicates growth, while below represents a contraction. See S&P Global