US Manufacturing PMI Hits 51.9 in January, Close to Expectation

US Manufacturing PMI Stands at 51.9

U.S. manufacturing activity remains stable with the Purchasing Managers’ Index (PMI) registering at 51.9 for January. This figure indicates expansion in the sector, as a PMI above 50 signifies growth. CNBC’s Rick Santelli provided insights on this data during ‘Squawk on the Street’.