ACTV - Flash PMIs Signal Faster Developed World Growth In May Led By The U.S.
2024-05-27 03:25:00 ET
Summary
- The flash PMI data for May from S&P Global brought encouraging news on economic growth, with output of the combined manufacturing and service sectors rising across the four major developed economies - the 'G4' - at the fastest rate for a year.
- Among the four economies, the strongest expansion in May was recorded in the US, where output rose at the sharpest rate for just over two years.
- Inflation remains elevated by pre-pandemic standards across all G4 economies, albeit to greater extents in the UK and Japan than the US and the eurozone.
The flash PMI data for May from S&P Global brought encouraging news on economic growth, with output of the combined manufacturing and service sectors rising across the four major developed economies - the 'G4' - at the fastest rate for a year. Inflation pressures meanwhile eased, down to one of the lowest levels for over three years. The rate of inflation signaled nevertheless remained stubbornly by pre-pandemic standards, having been stuck in a narrow but elevated range over the past year. There were, however, some notable variations in the growth, and most importantly, the inflation trends among the four economies....
Flash PMIs Signal Faster Developed World Growth In May, Led By The U.S.