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Flash Manufacturing and Services PMIs

The 5/22 session saw the release of many flash manufacturing and services PMIs. Here is a wrap-up:

Flash Manufacturing PMI 

Japan - Markit/JMMA
May: 49.4
April: 49.4

China - HSBC
May: 49.7
Forecast: 48.4
April: 48.1 (revised down from 48.3)

China Flash Manufacturing PMI:


(source: forexfactory)

In 2014, China's Manufacturing PMI has dipped below 50 and has been edging down. A rebound to 49.7 is a welcoming sign.



France - Markit
May: 49.3
Forecast: 51.1
Previous: 51.2 (revised up from 50.9)

Germany - Markit
May: 52.9
Forecast: 54.0
Previous: 54.1 (revised from 54.2)

Germany's manufacturing is key to the Eurozone's economy. It is like the tide that lift all boats in Europe, so this is a key release. Although the reading is above 50, and reflects expansion, growth has been decelerating throughout 2014.

German Flash Manufacturing PMI:


(source: forexfactory)

Eurozone - Markit
May: 52.5
Forecast: 53.2
Previous 53.4 (revised from 53.3)

Flash Services PMI (links to official releases already shown above)

France
May: 49.2
Forecast: 50.3
Previous 50.4 (revised from 50.3)

Germany
May: 56.4
Forecast: 54.8
Previous 54.7

Eurozone
May: 53.5
Forecast 53.0
Previous 53.1