For the first time since April 2023, the US manufacturing sector showed signs of improvement in January 2024, according to the latest purchasing managers’ index (PMI) survey data from S&P Global. The seasonally adjusted US manufacturing PMI climbed to 50.7 in January from 47.9 in December, surpassing the initial ‘flash’ estimate of 50.3. This upswing, which halted a two-month declining streak, indicated the most significant enhancement in operating conditions witnessed since September 2022.