Super PMIs

Today we show the averages of the M-PMIs and NM-PMIs for all the major economies we follow. Of the eight Super-PMIs, the only one below 50 during May was Japan’s at 47.5, but that was up sharply from 40.4 during April. The only other one that rose during the month was China’s to 53.2 from 52.3 in April.

The other S-PMIs all declined during May, but remained in expansion mode with readings above 50: France (58.7), Germany (56.9), Eurozone (55.3), US (54.1), UK (52.9), and Italy (51.5).