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May PMIs: Price Pressures Remain Elevated (2/2)

GLOBAL
Datamarkets-real-timeEmerging MarketsData BulletBulletMarketsFixed IncomeForeign Exchange

Manufacturing PMIs softened across the board in May, apart from Germany’s small increase.

  • Manufacturing continued to feel the squeeze of Chinese lockdowns and the Ukraine war on supply chains. Notably, the German manufacturing PMI hinted at signs of easing on April disruptions.
  • The US, UK and Japan saw input price inflation at fresh highs, whilst Germany and the Eurozone aggregate saw a slight easing in price pressures. The Euro area and Germany highlighted substantial declines in new export orders.
  • The UK highlighted inflation and geopolitical uncertainties as key downwards pressures on growth, with operating expenses rising the highest since 1998 and private sector growth outlooks the lowest in two years.

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Manufacturing PMIs softened across the board in May, apart from Germany’s small increase.

  • Manufacturing continued to feel the squeeze of Chinese lockdowns and the Ukraine war on supply chains. Notably, the German manufacturing PMI hinted at signs of easing on April disruptions.
  • The US, UK and Japan saw input price inflation at fresh highs, whilst Germany and the Eurozone aggregate saw a slight easing in price pressures. The Euro area and Germany highlighted substantial declines in new export orders.
  • The UK highlighted inflation and geopolitical uncertainties as key downwards pressures on growth, with operating expenses rising the highest since 1998 and private sector growth outlooks the lowest in two years.

Keep reading...Show less