A measure of manufacturing activity fell last month to its lowest level since President Donald Trump took office.
Businesses and industry groups have said…
Dallas Fed manufacturing activity index for May 2019
The six-month ahead general is this activity index 9.1 versus 18.4 last month. The six-month averages 12.4.
US manufacturing data
– Prior was 52.8
– Lowest since Oct 2016
– Employment 53.7 vs 52.4
– Prices paid 53.2 vs 50.0 exp
– New orders 52.7 vs 51.7 prior
The PMI data leaked out early:
Here is the full suite:
Manufacturing Purchasing Managers Index (PMI), 49.4Non -manufacturing (services) Purchasing Managers Index (PMI), 54.3Composite Purchasing Managers Index (PMI), 53.3On the manufacturing PMI, not only did it come in a sharp drop on the month and below the central estimate, it also came in below estimates (from the
I popped the SK manufacturing PMI results onto the end of the japan post:
PMI manufacturing fell to 48.4
– from 50.2 in April
– New export orders contraction for a 10th straight month
Awesome work from the trade war people.