(CercleFinance.com) – Growth in private sector activity in the United States slowed very sharply in January according to the IHS Markit composite PMI index, which came out at 50.8 in flash estimate – a lowest of 18 months-, to be compared with 57 in definitive data for the previous month.
The private sector is thus signaling a marked slowdown in growth at the start of 2022 ‘against the backdrop of weaker demand conditions, worsening supply chain disruptions and labor shortages linked to the Omicron wave’ .
For the record, it is the threshold of 50 that separates the expansion and contraction of a sector’s activity for the PMI indices: the higher the index is above this threshold, the faster the pace of expansion. .
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