FX.co ★ U.S. Manufacturing Growth Marginally Picks Up in January: S&P Global PMI Report

The U.S. manufacturing sector continues to show signs of resilience as the S&P Global Manufacturing Purchasing Managers' Index (PMI) edged up slightly in January 2026, reaching 51.9. This reading marks a minor increase from December's figure of 51.8, reflecting steady, albeit modest, growth in the manufacturing industry. The latest data update was released on January 23, 2026.

This small uptick underscores cautious optimism among manufacturers, as businesses navigate a complex economic environment marked by both global uncertainties and domestic challenges. Despite the slight improvement, the growth pace remains below the pre-pandemic average, highlighting ongoing constraints impacting the supply chain and production capabilities.

The incremental gain in manufacturing activity suggests a stabilization in business conditions, offering some relief to industry stakeholders who have been grappling with fluctuating demand and input costs. As the sector remains above the neutral mark of 50, indicating expansion, market participants will be keenly watching how U.S. manufacturing adapts in the coming months amid evolving economic conditions worldwide.