Manufacturing Day Today, but Things Don’t Look Promising for This Sector on A Global Scale

Manufacturing has been weakening nad it is expected to get worse for this sector across the globe


Today has been a manufacturing day for economists. We basically had all major economies of the world post their manufacturing reports today and even had two such reports being released form the US. Manufacturing has been weakening across the globe since the trade war between US and China started last year,so the numbers are not good. Have a look for yourself:

Manufacturing Data Actual Expected Previous
Japanese Final Manufacturing 49.8 49.7 49.6
Chinese Caixin Manufacturing 50.2 50 50.2
Spanish Manufacturing PMI 50.1 51.4 51.8
French Manufacturing PMI 50.6 50.6 50.6
Swiss Manufacturing PMI 48.6 49.1 48.5
Italian Manufacturing PMI 49.7 48.5 49.1
German Manufacturing PMI 44.3 44.3 44.3
Eurozone Manufacturing PMI 47.7 47.7 47.7
UK Manufacturing PMI 49.4 52.5 53.1
Canadian Manufacturing PMI 49.1 49.7
US Final Manufacturing PMI 50.5 50.8 50.6
US ISM Manufacturing PMI 52.1 53 53.1

 

Three numbers are green, which means that they were better than expectations, but to of them still show contraction, in Italy and in Japan. The rest of the board then speaks for itself. Germany remains in deep contraction as well as the Eurozone, while in May the UK joined this group. The trade war is escalating and two more fronts are about to be open, one between the US and Mexico while the other one is with the EU. So, things are expected to get worse as the US heads in that direction too.

 

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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