The UK Manufacturing PMI (purchasing managers’ index) improved to 56.7 in May, as compared to 57.3 in April, beating the market expectation of 56.5.
The US May jobs report indicated weak improvement in the US labor market.
The Eurozone Manufacturing PMI stood at 57 in May 2017, as compared to 56.7 in April, which is in line with the preliminary estimation of 57.0.
The France Manufacturing PMI (purchasing managers’ index) improved to 53.8 in May 2017, as compared to 55.1 in April 2017,
The Germany Manufacturing PMI increased to 59.5 in May 2017, as compared to 58.2 in April, meeting the preliminary estimation of 59.4.
The May 2017 US Manufacturing PMI (purchasing managers’ index) report indicates a softer US business condition.
PMIs are important because they shed light on a country’s economic health and help investors identify short-term economic trends and market sentiment.
China’s (FXI) economy posted remarkable GDP growth in 1Q17 amid concerns of high levels of debt and a decline in domestic demand.
A solid improvement in China’s (FXI) service sector in May 2017 provided a much-needed support, as its economy currently struggles with its manufacturing sector.
China’s (FXI) trade surplus saw a rise in May 2017 as compared to the previous month.
Exports from China stood at $191.0 billion in May 2017, a moderate increase of about 8.7% as compared to the corresponding period last year.
The Markit Mexico Manufacturing PMI rose to 51.2 in May 2017 compared to 50.7 in April 2017.
The Markit Russia manufacturing PMI increased to 52.4 in May 2017 compared to 50.8 in April 2017.
The Nikkei manufacturing PMI in Indonesia (IDX) dropped to 50.6 in May 2017 compared to 51.2 in April 2017.
The Markit Greece Manufacturing PMI advanced to 49.6 in May 2017 compared to 48.2 in the previous month.
Buying activity in Brazil has experienced its strongest growth in the last three years, and the rate of job cuts remained at its lowest point over the last couple of years.
The Nikkei Manufacturing PMI in India dropped to 51.6 in May 2017 compared to 52.5 in April 2017.
China’s (FXI) economic activity slowed down in May 2017 as the country’s manufacturing activity touched its 11-month low.
The global manufacturing sector seems to be slowing down, reflected in the May 2017 manufacturing PMI’s three-month low. Global economic activity had experienced an uptrend since 4Q16.
After the announcement of the United Kingdom’s election outcome on June 9, 2017, global markets showed mixed responses.