donderdag 1 juni 2017

US Manufacturing PMI Drops To 8-Month Lows In May: "Sluggish Sales Prompted Firms To Scale Back Hiring"

The last two months have seen a major divergence between PMI and ISM Manufacturing reports (as the former confirmed today at its lowest final print since September). May's final print of 52.7 was slightly above expectations and the preliminary print. This is the lowest 'final' print for US Manufacturing PMI since September (while ISM rebounds)...


This follows China's Manufacturing PMI 'contraction' overnight...


US New order levels increased again in May, although the rate of expansion was the least marked recorded since September 2016. This was mainly linked to subdued client demand. And in line with China weakness, some manufacturers also cited weak export sales, as highlighted by a slower upturn in new work from abroad than that seen in April. Just another broken brick in the wall of 'soft' data post-trump hope....