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  • US output grows at fastest rate for over two years in May

    From pmi.spglobal.com

    US business activity growth accelerated sharply to its fastest for just over two years in May, according to provisional PMI survey data from S&P Global, signalling an improved economic performance midway through the second quarter. The service sector led the upturn, reporting the largest output rise for a year, but manufacturing also showed stronger growth. Although companies continued to report lower employment, the rate of job losses moderated amid improved business confidence for the year ahead and higher order book intakes. Both input costs and output prices meanwhile rose at faster rates, with manufacturing ... (full story)

Added at 9:55am

  • US composite PMI grows in May

    From breakingthenews.net

    The US PMI Composite Output Index, which takes both the services and the manufacturing business activity into account, improved by 3.1 index points compared to the month before, landing at 54.4 in May, S&P Global revealed in its preliminary report on Thursday. The United States Services Business Activity Index rose in comparison to the month before, coming in at 54.8 in the reported month. Meanwhile, the manufacturing PMI increased by 0.9 index points, to land at 50.9, reaching its highest point in 2 months due to improving business conditions within the goods-producing sector. "The US economic upturn has ... (full story)

Services inflation is coming in hot, crazy numbers, high inflation + strong labour market = not a chance FED is cutting.
Hawkish FED, Flash Manufacturing and Service PMI very good data and Unemployment down will lead USD/JPY to make a higher high again and psychotically 170
go look at natural gas lol
Invest in alarm clocks
Very strong report.

Both manufacturing and services sectors showed higher optimism regarding future output, linked to expansion plans, new products, and increased marketing. However, concerns about inflation, interest rates, and geopolitical uncertainties persist.

PMI Composite rose to 54.4 in May sharply from 51.3 in April, marking a 25-month high. The 3.1 point rise signals a marked acceleration of growth midway through the second quarter. Output has increased for 16 consecutive months.

Services Index increased to 54.8, a 12-month high. The fastest growth for a year, despite a slowdown in the previous three months. Services activity has increased for 16 straight months.

Manufacturing output also expanded, marking the fourth consecutive monthly rise. However, the latest output gain was still lower than earlier in the year due to weaker new orders.

Input prices continued to rise sharply, with the rate of inflation accelerating to register the second-largest monthly increase over the past eight months.


New orders received by factories declined for the second consecutive month, though at a marginal pace.

Employment fell for the second consecutive month in May, contrasting with the continual hiring trend seen over the prior 45 months. The decline was marginal but less pronounced than in April.
We must learn who is gold, and who is gold plated
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