Factory activity across Asia showed mixed results in May. China's Caixin Manufacturing PMI rose to 51.7, the highest since July 2022, indicating an expansion in manufacturing activity. Meanwhile, Japan's manufacturing PMI for May was 50.4, showing a slight improvement and marking the first expansion in a year. South Korea's factory activity expanded at the fastest pace in two years. In contrast, Australia's manufacturing PMI remained relatively flat at 49.7, indicating contraction. India's manufacturing growth slowed to a three-month low with a PMI of 57.5, down from 58.4 in April, due to a heatwave affecting production. Russia's manufacturing PMI showed a slight increase to 54.4, continuing its expansion. European countries also displayed varied results, with Spain's PMI rising to 54.0, while Germany's PMI remained at 45.4, indicating a continued downturn. The UK saw a slight increase in manufacturing activity with a PMI of 51.2, hitting a two-year high.
India’s manufacturing growth slowed to a three-month low in May as intensive heatwave hampered production volumes leading to a softer rise in new orders and output. @ShivaRajora7 #ManufacturingPMI #IndianEconomy #EconomicGrowth #Heatwave #manufacturing https://t.co/8te5MBZpzQ
🇬🇧 United Kingdom - Manufacturing PMI in May hit two year highs. S&P reported that the upturn in demand was centred on the domestic market, as new export orders fell for the twenty-eighth month in a row. There were reduced inflows of new work from several trading partners,… https://t.co/wfb8D3asyR
Swedish manufacturing activity rises to its highest level in two years as the country emerges from an economic slump https://t.co/VyvAAXWtNr
🔵 UK FACTORIES RETURN TO GROWTH, PRICES RISE BY MOST IN A YEAR, PMI SHOWS Full Story → https://t.co/Gl3uiEFbXH British manufacturers reported a return to growth last month after a long slowdown, according to a survey published on Monday, but the higher prices charged by…
Good News! "Growth of UK manufacturing production and new orders hit two-year highs in May" according to the S&P Global PMI
UK MANUFACTURING PMI MAY 2024 FULL REPORT https://t.co/b7e99j4REd
UK May Final Manufacturing PMI 51.2 vs.51.3 expected https://t.co/gLYXXUlNt6
🔴 ⚠️ BREAKING: UK MANUFACTURING PMI FINAL ACTUAL 51.2 (FORECAST 51.3, PREVIOUS 51.3) $MACRO
Swedish manufacturing activity rises to its highest level in two years as the country emerges from an economic slump https://t.co/ZRP7FBiOUp
⚠️ GREECE S&P GLOBAL MAY MANUFACTURING PMI AT 54.9 (VS 55.2 IN APRIL)
NORWEGIAN MANUFACTURING PMI ACTUAL 52.3 (FORECAST -, PREVIOUS 52.4) $MACRO
Eurozone May final manufacturing PMI 47.3 vs 47.4 prelim https://t.co/rcrqce7Aof
🔵 DOWNTURN IN GERMAN MANUFACTURING MAY BE BOTTOMING OUT, PMI SHOWS Full Story → https://t.co/bPc7n4ezr7 The downturn in Germany's manufacturing sector, which accounts for about a fifth of Europe's biggest economy, showed signs of bottoming out in May as output and new orders… https://t.co/0pm2CCIwjF
GERMAN MANUFACTURING PMI MAY 2024 FULL REPORT https://t.co/Uoci8JXW7N
Germany May Final Manufacturing PMI 45.4 vs.45.4 expected https://t.co/Bd9ta4Qfrh
FRENCH MANUFACTURING PMI MAY 2024 FULL REPORT https://t.co/wXa2QXSbuk
France May final manufacturing PMI 46.4 vs 46.7 prelim https://t.co/GuA6ValoDS
Italy May Final Manufacturing PMI 45.6 vs.48.0 expected https://t.co/0cDsfegpSI
🇨🇭 Switzerland https://t.co/tb70eCCHi8 PMI (May) $CHF Actual: 46.4 🟢 Expected: 45.4 Previous: 41.4
Switzerland May manufacturing PMI 46.4 vs 41.4 prior https://t.co/OIKxGAxeQ3
Spain May manufacturing PMI 54.0 vs 52.6 expected https://t.co/qzNX6k9RbX
SPANISH MANUFACTURING PMI ACTUAL 54.0 (FORECAST 52.6, PREVIOUS 52.2) $MACRO
⚠️ POLAND S&P GLOBAL MAY MANUFACTURING PMI AT 45.0 (VS 45.9 IN APRIL)
Russia's factory activity continues to expand in May, PMI shows https://t.co/MZEBy4ltu2 https://t.co/dqDUyCsIWK
India's manufacturing growth slowed to a three-month low in May as a heatwave prompted some companies to reduce working hours, but factory activity remained robust overall, bolstered by strong international sales #manufacturing #heatwave https://t.co/PfPbQObC6t
China’s Factory Activity Hit a 22-Month High in May, Caixin PMI Shows https://t.co/PkkYqZDp4G
India's manufacturing growth slowed to a three-month low in #May as a #heatwave prompted some companies to reduce working hours, but factory activity remained robust overall, bolstered by strong international sales https://t.co/yEc1NSeahI
🔵 RUSSIA'S FACTORY ACTIVITY CONTINUES TO EXPAND IN MAY, PMI SHOWS Full Story → https://t.co/uIO5aars9I Activity in Russia's manufacturing sector grew marginally faster in May, a business survey showed on Monday, propelled by a sharp rise in employment as demand picked up. https://t.co/gxzpyXHDDp
India's manufacturing activity fell to 57.5 in May from 58.8 in April, as per the HSBC Purchasing Managers' Index (PMI). More details here 👇 https://t.co/c28vSuSvdu #PMI #Manufacturing
🇷🇺 Russian Federation Russian S&P Global Manufacturing PMI (May) $RUB Actual: 54.4 Previous: 54.3
India's May factory growth slips to 3-month low, but remains sturdy: PMI #PMI #IndianEconomy #Manufacturing #EconomicGrowth #ManufacturingPMI https://t.co/PfPbQObC6t
JUST IN | India’s factory activity levels dropped to a three-month low in May, as per the HSBC India Manufacturing PMI, reports @tragicosmicomic
Just In | HSBC India May manufacturing PMI at 57.5 vs 58.4 in April: Agencies @HSBC_IN https://t.co/k3czL98Elo
Netherlands Manufacturing PMI May: 52.5 (prev 51.3)
🇮🇳 India HSBC India Manufacturing PMI (May) $INR Actual: 57.5 🔴 Expected: 58.4 Previous: 58.4
🌎 #Asia’s Factories Sustain Momentum as #Japan Halts 11-Month Slump – Bloomberg https://t.co/o7Z7PlJ2Lz https://t.co/J9LxuQFhKc
ForexLive Asia-Pacific FX news wrap: China manufacturing PMI expands faster https://t.co/yDLiANGEE8
Asian factory activity expands in May on robust global demand https://t.co/E5t01E3dXp https://t.co/Wso8PLV8Rr
⚠️ ASIAN FACTORY ACTIVITY EXPANDS IN MAY ON ROBUST GLOBAL DEMAND Full Story → https://t.co/3Z2poueNIJ https://t.co/ANF9EAjBYK
China's factory activity growth hits 2-year high, Caixin PMI shows https://t.co/YUdI8bllFA https://t.co/DgZuIv8xVd
China’s private Caixin manufacturing PMI came in at 51.7 in May, the highest level since July 2022, which is 0.3 percentage points higher than the previous month, indicating gains in manufacturing vitality across the country's small and middle-size firms. https://t.co/zJBI2l0vqq
Activity in China’s manufacturing sector clocked the fourth consecutive month of accelerated growth in May, with supply, domestic demand and exports all expanding, according to the Caixin manufacturing #PMI. https://t.co/Kc4Y8TkMrL
China’s manufacturing activity expanded at the fastest rate in almost two years in May, according to a private survey, contrasting with weak official data https://t.co/0ZyS2Nw7AJ
Caixin #PMI breakdown: 🔸Caixin #China manufacturing PMI recorded a seventh successive monthly improvement in the health of the sector. Moreover, the rate of growth was the fastest in 23 months. 🔸Manufacturing production rose at the fastest pace since June 2022, with firms in…
Asia’s factory activity continued its expansion in May, supported by a recovery in new orders even as China’s rebound struggled to gain traction https://t.co/NgFb2rZ0Hu
#China's factory activities expanded at faster pace in May, showed private survey. Caixin manufacturing #PMI for May comes in at 51.7, highest since Jul 2022, vs prev 51.4, expected 51.5. https://t.co/haGgRmRP6L https://t.co/zr06votD0I
⚠️ CHINA'S FACTORY ACTIVITY GROWTH HITS 2-YEAR HIGH, CAIXIN PMI SHOWS Full Story → https://t.co/rO2vQMfbeY https://t.co/weDOTfqknv
#China's factory activities expanded at faster pace in May, showed private survey. Caixin manufacturing #PMI for May comes in at 51.7, vs prev 51.4, expected 51.5. https://t.co/haGgRmRP6L https://t.co/zr06votD0I
🇨🇳 China Caixin Manufacturing PMI (May) $CNY Actual: 51.7 🟢 Expected: 51.6 Previous: 51.4
China Caixin Manufacturing PMI for May 2024: 51.7 (expected 51.5, prior 51.4) https://t.co/WjaxIOL0CI
South Korea factory activity expands at fastest pace in two years https://t.co/zQ7YRvLdSX https://t.co/s9fF7EnKuT
Japan's capital spending up 6.8% in Jan.-March https://t.co/bjaaQCJ4yn
Japan Q1 capex rises but at slower pace https://t.co/614xbRoDeJ https://t.co/L1RS3n4lcY
Japan's May factory activity expands for first time in a year, PMI shows https://t.co/efXKKN2Hgi https://t.co/alJ1P3NOlH
⚠️ SOUTH KOREA FACTORY ACTIVITY EXPANDS AT FASTEST PACE IN TWO YEARS Full Story → https://t.co/Y0HLVE8zih
⚠️ JAPAN'S MAY FACTORY ACTIVITY EXPANDS FOR FIRST TIME IN A YEAR, PMI SHOWS Full Story → https://t.co/PgyFOZrxuJ
Japan Jibun Bank May Manufacturing PM I (final) 50.4 https://t.co/KHDKsIBECN
⚠️ JAPAN Q1 CAPEX RISES BUT AT SLOWER PACE Full Story → https://t.co/SUxuuIj6Hc https://t.co/DC0XVVxvN9
🇯🇵 Japan au Jibun Bank Japan Manufacturing PMI (May) $JPY Actual: 50.4 🔴 Expected: 50.5 Previous: 50.5
🇯🇵 Capital Spending YoY (Q1) Actual: 6.8% Expected: 12.2% Previous: 16.4% https://t.co/M2QLAaIA0f
AUSTRALIA (MAY) JUDO BANKS MANUFACTURING PMI ACTUAL: 49.7 VS 49.6 PREVIOUS
Australia May Manufacturing PMI, final: 49.7 (prior 49.6) https://t.co/27VUGP7a1q
Australia Judo Banks Manufacturing PMI May F: 49.7 (prev 49.6)
#China's #FactoryActivity unexpectedly contracts in May https://t.co/7A7jhYV7aM