MADRID Jan. 6 () –
The United States Services Purchasing Managers’ Index (PMI) accelerated in December to 56.8 points from 56.1 points recorded in November, representing the largest increase in 33 months , as revealed by S&P Global.
Thus, there was a renewed expansion of business activity and new orders due to the greater willingness of customers to spend after the presidential elections. In addition, the confidence of the companies increased.
With workloads rising, U.S. companies increased employment for the first time in five months. Meanwhile, cost inflation fell to the lowest level for almost a year, with a slight increase in expenses.
“Expectations for faster growth in the new year are based on the anticipation of more business-friendly policies from the incoming Trump Administration, including favorable tax and regulatory environments along with cut-tariff protectionism,” he said. explained S&P Market Intelligence chief economist Chris Williamson.
“The improvement in the results of the services sector has more than offset the drag that industry continues to pose to the economy. […] “The services PMI reading puts the US economy off to a good start for 2025, but with growth as strong as this, it is understandable that policymakers will end up taking a more cautious approach to lowering interest rates.” , he added.
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