June 03, 2024 13:49 GMT
US S&P Manufacturing PMI Revised 0.4 points higher to 51.3
US DATA
DataEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletEnergy BulletsData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
- Key Excerpts On Employment and Inflation• Ahead of Friday's payrolls report (although mfg is only a small share of employment): “Employment increased for the fifth consecutive month, and at the fastest pace since July 2023. Alongside positive expectations, higher staffing levels also reflected the filling of previously vacant positions.”
- On prices: “The rate of input cost inflation continued to accelerate, quickening for the third consecutive month to the fastest since April 2023. The latest increase was also sharper than the pre-pandemic average. Higher costs for aluminium and copper in particular, and metals more generally, were reported, as were increased fuel costs feeding through to rising transportation prices. With input costs increasing sharply, firms also registered a rise in selling prices, although here the pace of inflation eased from April to a five-month low.”
- Full press release here.
135 words