According to the latest report from S&P Global, the Purchasing Managers’ Index (PMI) for US manufacturing recorded a decline in May, indicating a contraction in the sector. The final PMI figure stood at 48.4, down from April’s reading of 50.2, and slightly below the preliminary estimate of 48.5. The drop below the 50 mark is …
US Manufacturing PMI Contracts in May, Reflecting Economic Challenges Read More »
Eurozone’s manufacturing sector experienced a continued decline in May, primarily driven by reduced demand. Although factories responded to the challenging conditions by cutting prices for the first time since September 2020. The final Purchasing Managers’ Index (PMI) for the manufacturing sector in May, collected by S&P Global on June 1, stood at 44.8, slightly higher …
Eurozone Manufacturing PMI Contracts Further in May as Demand Declines Read More »
Results from an industry survey released on June 1 have indicated that British industrial output experienced a decline for the third consecutive month in May. Moreover, new orders fell at the fastest rate in four months. However, there are indications that the worst effects of inflation may be starting to ease. The final Manufacturing Purchasing …
UK Manufacturing PMI Contracts for Third Consecutive Month in May Read More »
According to a recent poll released on June 1, German manufacturing experienced its sharpest contraction in three years during the month of May. This contraction was accompanied by a decline in output, marking the first decrease in four months. The final Purchasing Managers’ Index (PMI) for German manufacturing, conducted by Hamburg Commercial Bank (HCOB), dropped …
German Manufacturing PMI Contracts at Fastest Pace in Three Years in May Read More »
China’s manufacturing sector experienced a remarkable upswing in May, surpassing analysts’ expectations, according to a survey conducted by Caixin and S&P Global. The Purchasing Managers’ Index (PMI) for May recorded a reading of 50.9, a significant improvement from April’s 49.5. An index reading above 50 signifies expansion in China’s manufacturing sector, indicating positive growth in …
Chinese Manufacturing PMI Surges Beyond Expectations in May Read More »
In a positive development for Japan’s manufacturing sector, the final Purchasing Managers’ Index (PMI) for May showed a notable increase, marking the first expansion in seven months. The rise was primarily driven by growth in output and new orders, providing an optimistic outlook for the coming year. According to the Jibun Bank final manufacturing PMI, …
Japan’s Manufacturing PMI Rises for the First Time in Seven Months, Signaling Expansion Read More »
South Korea’s manufacturing sector continues to face challenges as the Purchasing Managers’ Index (PMI) for May contracted for the 11th straight month, according to S&P Global. The seasonally adjusted PMI recorded a slight increase from April’s 48.1 to 48.4. The ongoing global economic slowdown has led to reduced production and orders, putting significant pressure on …
South Korea’s Manufacturing PMI Contracts for the 11th Consecutive Month Read More »
The National Bureau of Statistics (NBS) has released data revealing a significant drop in China’s manufacturing purchasing managers’ index (PMI) for the month of May. This decline can be attributed to the decelerating demand within the country and may put pressure on the Chinese government to implement measures aimed at revitalizing the economy. The manufacturing …
China’s Manufacturing and Services PMI Show Decline in May, Reflecting Slowing Demand Read More »
According to S&P Global, the Purchasing Managers’ Index (PMI) for the United States, which encompasses both the manufacturing and services sectors, reached a 13-month high in May. The index climbed to 54.5, up from 53.4 in April. With a reading above 50, the PMI indicates expansion in the U.S. business sector, marking the fourth consecutive …
U.S. Manufacturing-Service PMI Reaches 13-Month High Read More »
The Hamburg Commercial Bank (HCOB) has released the preliminary Purchasing Managers’ Index (PMI) for the Eurozone’s manufacturing and services sectors, revealing a slight slowdown in May. The index dropped to 53.3 from April’s 54.1. While the PMI index still indicates expansion in the eurozone business sector as it remains above 50, the figure of 53.3 …
Preliminary Eurozone Manufacturing-Services PMI Shows Signs of Slowdown in May Read More »