Corporate

01 Jun 2015
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UK’s Manufacturing PMI Misses Estimates

Data just out has shown that Britain’s manufacturing activity expanded at a slower than anticipated pace for May, offering little evidence of a post-election improvement in morale among domestic firms. In the Euro zone, market participants will keep a tab on Germany’s consumer price inflation data for May to ascertain if the threat of deflation in the region shows any sign of abatement. Across the Atlantic, personal expenditure data for April will be eyed to gain an insight into the second quarter’s economic growth in the US, especially considering that consumer spending remains a major driver of growth in the nation. Additionally, the ISM manufacturing PMI reading in the US will attract significant attention among greenback investors.
01 Jun 2015
Share

UK’s Manufacturing PMI Misses Estimates

Data just out has shown that Britain’s manufacturing activity expanded at a slower than anticipated pace for May, offering little evidence of a post-election improvement in morale among domestic firms. In the Euro zone, market participants will keep a tab on Germany’s consumer price inflation data for May to ascertain if the threat of deflation in the region shows any sign of abatement. Across the Atlantic, personal expenditure data for April will be eyed to gain an insight into the second quarter’s economic growth in the US, especially considering that consumer spending remains a major driver of growth in the nation. Additionally, the ISM manufacturing PMI reading in the US will attract significant attention among greenback investors.