The latest Manufacturing PMI data for May 2024 shows mixed results across various regions. In the UK, the Manufacturing PMI reached 51.2, slightly below the forecast of 51.3 but marking a two-year high. The increase was driven by domestic demand, while export orders fell for the 28th consecutive month. In Canada, the Manufacturing PMI was 49.3, indicating contraction, slightly down from the previous 49.4. The US Manufacturing PMI showed a final print of 51.3, stronger than the initial read of 50.9, with new orders supporting faster production expansion. However, the ISM Manufacturing PMI registered 48.7, down from 49.2 in April, indicating contraction for the second consecutive month. The US ISM New Orders Index was 45.4. US Factory Orders increased by 0.7%, surpassing the forecast of 0.6%. In Europe, the Eurozone Composite PMI was 52.2, slightly below the forecast of 52.3. The French Composite PMI was 48.9. The Spanish Services PMI rose to 56.9, surpassing the forecast of 56.5.
EUROZONE SERVICES PMI (MAY) ACTUAL: 53.2 VS 53.3 PREVIOUS
EUROZONE COMPOSITE FINAL PMI ACTUAL 52.2 (FORECAST 52.3, PREVIOUS 52.3) $MACRO
GERMAN SERVICES PMI MAY 2024 FULL REPORT https://t.co/rkM8wDnd6T
FRENCH SERVICES PMI MAY 2024 FULL REPORT https://t.co/gA6FM6NnFd
FRENCH COMPOSITE PMI ACTUAL 48.9 (FORECAST 49.1, PREVIOUS 49.1) $MACRO
FRENCH SERVICES PMI ACTUAL 49.3 (FORECAST 49.4, PREVIOUS 49.4) $MACRO
ITALIAN COMPOSITE PMI ACTUAL 52.3 (FORECAST 53.2, PREVIOUS 52.6) $MACRO
ITALIAN SERVICES PMI ACTUAL 54.2 (FORECAST 54.5, PREVIOUS 54.3) $MACRO
Italy May final services PMI 54.2 vs. 54.4 expected https://t.co/46XQFZHXsP
SPANISH SERVICES PMI MAY 2024 FULL REPORT https://t.co/FuR8tSgGlu
SPANISH SERVICES PMI ACTUAL 56.9 (FORECAST 56.5, PREVIOUS 56.2) $MACRO
SPANISH SERVICES PMI (MAY) ACTUAL: 56.9 VS 56.2 PREVIOUS
π«π· Industrial Production MoM (Apr) Actual: 0.5% Expected: 0.5% Previous: -0.2% https://t.co/2zqCQe1fcF
FRENCH INDUSTRIAL PRODUCTION MOM ACTUAL 0.5% (FORECAST 0.3%, PREVIOUS -0.3%) $MACRO
π«π· France French Industrial Production (MoM) (Apr) $EUR Actual: 0.5% π’ Expected: 0.3% Previous: -0.2%
JAPANESE SERVICES PMI ACTUAL 53.8 (FORECAST -, PREVIOUS 53.6) $MACRO
HONG KONG S&P PMI ACTUAL 49.2 (FORECAST -, PREVIOUS 50.6) $MACRO
AUSTRALIAN SERVICES PMI FINAL ACTUAL 52.5 (FORECAST -, PREVIOUS 53.1) $MACRO
πΊπΈ United States Factory orders ex transportation (MoM) (Apr) $USD Actual: 0.7% π’ Expected: 0.4% Previous: 0.4%
π΄ US FACTORY ORDERS MOM ACTUAL 0.7% (FORECAST 0.6%, PREVIOUS 1.6%) $MACRO
Final print for May β¦@SPGlobalβ© U.S. Manufacturing PMI was 51.3 β¦ that ended up being even stronger than initial read of 50.9, with a renewed expansion in new orders helping lead to better conditions https://t.co/rlu6Y6u1TE
π¨ Manufacturing PMI contracted in May for the second consecutive month and the 18th time in the last 19 months Manufacturing ISM Report On Business claimed, βThe Manufacturing PMI registered 48.7 percent in May, down 0.5 percentage point from the 49.2 percent recorded in April.β¦ https://t.co/qWvxTUHzRv
"New orders returned to growth in the US manufacturing sector in May, supporting a faster expansion in production midway through the second quarter of the year." - S&P Global US Manufacturing PMI "The New Orders Index remained in contraction territory, registering 45.4 percent,β¦
US ISM MFG. EMPLOYMENT INDEX ACTUAL 51.1 (FORECAST -, PREVIOUS 48.6) $MACRO
US ISM MFG. NEW ORDERS INDEX ACTUAL 45.4 (FORECAST -, PREVIOUS 49.1) $MACRO
US CONSTRUCTION SPENDING MOM ACTUAL -0.1% (FORECAST 0.2%, PREVIOUS -0.2%) $MACRO
US S&P MANUFACTURING PMI MAY FINAL REPORT https://t.co/jNac0CcR15
CANADIAN MANUFACTURING PMI MAY REPORT https://t.co/tqEO2RVFkJ
CANADIAN MANUFACTURING PMI ACTUAL 49.3 (FORECAST -, PREVIOUS 49.4) $MACRO
π¬π§ 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,β¦ https://t.co/wfb8D3asyR
UK MANUFACTURING PMI MAY 2024 FULL REPORT https://t.co/b7e99j4REd
π΄ β οΈ BREAKING: UK MANUFACTURING PMI FINAL ACTUAL 51.2 (FORECAST 51.3, PREVIOUS 51.3) $MACRO