S&P: The final value of the S&P Global Composite PMI in the United States in January was 52.7, down from 55.4 in December last year, but still showed a strong monthly increase in business activity. Manufacturing production grew again, while service industry activity slowed down. The expansion of new business also slowed in January, but employment growth accelerated to the strongest since June 2022. At the same time, both input costs and output prices grew at a faster pace.