Markit manufacturing index for May

  • April manufacturing index was 52.8 - lowest since Sept
  • Prelim services index 54.0 vs 53.3 expected (prior 53.1) - highest since Jan
  • Composite PMI 53.9 vs 53.2 prior

Soft on manufacturing, strong on services.

Details on manufacturing:

  • New orders 53.4 vs 53.6 prior - lowest since Sept 2016
  • Output 53.3 vs 53.5 prior

Details on services:

  • New orders 54.5 vs 52.7 prior