ronniechua/iStock via Getty Images The Judo Bank Australia Manufacturing PMI dropped to 47.2 in June 2024 from 49.7 in May, marking the fifth consecutive monthly deterioration in manufacturing sector conditions and at the fastest pace since May 2020, final data showed. Manufacturing production contracted in June amid fewer new ordersContinue Reading
CGinspiration/E+ via Getty Images Spain’s Manufacturing PMI ((Purchasing Managers’ Index)) dropped to 52.30 points in June from 54 points in May 2024, signalling a slower, and more modest rate of expansion. Supporting the PMI in June were concurrent, but slower, increases in both output and new orders. Manufacturers also notedContinue Reading
manassanant pamai The au Jibun Bank Japan Manufacturing PMI was revised lower to 50.0 in June 2024 from a preliminary reading of 50.1 and after a final 50.4 in May, marking the 2nd straight month of expansion in the manufacturing sector supported by sustained job creation, the clearing of backlogs,Continue Reading
Igor Kutyaev The official NBS Manufacturing PMI in China shows the manufacturing activity remained in contraction for the second straight month, signaling the need for additional stimulus measures as China strives to regain economic stability. Meanwhile, the services sector remained in expansion but slowed to a six-month low. China’s manufacturingContinue Reading
Monty Rakusen June Kansas City Manufacturing Composite Index: -8 vs. -2 in May. The slump was mainly driven by paper, plastics, machinery, and transportation equipment manufacturing. All M/M indexes were negative and fell from the previous month, except supplier delivery time and the price indexes. Expectations for future activity, though, remained expansionary.Continue Reading
