Service seems to increase more and manufacturing declines some. Orders seem to be up and the service industry is hiring. Demand is raising business confidence (That is important for determining future investments and business behaviors. If they are confident they will act with confidence on the market and make things happen.), international demand is low, inventories at customers are high, Q2 GDP should be around 2%, labor may have some impact (Why portable technology improves human capital is beneficial to do more with limited physical head count. Moving workers to top of the value chain and automating lower level functions might help better allocate labor.)
Key findings: Flash US PMI Composite Output Index(1) at 53.0 (May: 54.3). 3-month low. Flash US Services Business Activity Index(2) at 54.1 (May: 54.9). 2-month low. Flash US Manufacturing Output Index(4) at 46.9 (May: 51.0). 5-month low. Flash US Manufacturing PMI(3) at 46.3 (May: 48.4). 6-month low.
Who are PMI by S&P Global? Use the Purchasing Managers’ Index (PMI) for accurate and timely insight into the health of the global economy.
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