Source: Institute for Supply Management The manufacturing sector expanded for the 23rd straight month of growth in April, but growth decelerated for the second consecutive month. QQQ is down 1.23%, while SPY is down 0.31%. The manufacturing PMI stood at 55.4 in April, 1.7 percentage points lower than 57.1 in March.A slowdown was recorded in nearly all indicators, except … [Read more...] about Manufacturing Growth Cools for Second Straight Month
Manufacturing
UK Manufacturing Grows Slightly in April
Source: Markit Economics Manufacturing in the United Kingdom posted a slight improvement in April, marking an improvement in consumer, intermediate, and investment goods industries. EWU is up 1.62%, while EZU is up 0.80%. The S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index stood at 55.8, slightly higher than 55.2 in March and higher than the earlier … [Read more...] about UK Manufacturing Grows Slightly in April
US Manufacturing Growth Carves Nine-Month High
Source: Markit Economics The manufacturing sector in the United States continued to grow in April, reaching the fastest growth in nine months. QQQ is up 1.12%, while SPY is up 0.67%. The S&P Global US Manufacturing PMI stood at 59.2 in April, up from 58.8 in March. This is the third straight month of growth and the biggest jump since September.Growth was driven mainly … [Read more...] about US Manufacturing Growth Carves Nine-Month High
Eurozone Manufacturing Growth Slips to 15-Month Low
Source: Markit Economics Manufacturing growth in the eurozone declined to a 15-month low in April, dragged by supply-chain issues and the continuous acceleration of inflation. EZU is up 0.32%, while VGK is flat premarket. The Final Eurozone Manufacturing PMI at 55.5, the lowest level in 15 months. This follows the 56.5 in March.The Final Eurozone Manufacturing Output … [Read more...] about Eurozone Manufacturing Growth Slips to 15-Month Low
Fifth District Manufacturing Continues Expansion, But Deterioration Seen
Source: Richmond Fed Manufacturing in the fifth district extended its expansion streak in April, but firms expect a slowdown in the next six months. QQQ is down 2.45%, while SPY is down 1.60%. The composite manufacturing index was recorded at 14 in April, higher than the 13 in March and 1 in February.The indicator for shipments jumped to 17 from 9, while capacity … [Read more...] about Fifth District Manufacturing Continues Expansion, But Deterioration Seen
