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home / news releases / RSPN - S&P's U.S. Manufacturing PMI Shows 'Solid' Growth Powered By Jump In Domestic New Orders; Canada And Mexico PMIs Tank

RSPN - S&P's U.S. Manufacturing PMI Shows 'Solid' Growth Powered By Jump In Domestic New Orders; Canada And Mexico PMIs Tank

Invesco S&P 500 Equal Weight Industrials ETF

2025-06-03 02:45:00 ET

Summary

  • The two manufacturing PMIs for the US out today, nicely contradicted each other, the first showing solid decline, the second showing solid growth.
  • The ISM Manufacturing PMI came in at 48.5% (contraction), below 50% for the 3rd month in a row.
  • S&P US Manufacturing PMI today jumped to 52 for May, powered by a jump in US domestic new orders.

But the ISM Manufacturing PMI for the US shows contraction on declining new orders. The contradicting PMIs of S&P and ISM add to the confusing “soft data.” ...

For further details see:

S&P's U.S. Manufacturing PMI Shows 'Solid' Growth Powered By Jump In Domestic New Orders; Canada And Mexico PMIs Tank

Stock Information
Company Name: Invesco S&P 500 Equal Weight Industrials ETF
Stock Symbol: RSPN
Market: NYSE
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