- PMI Index of 51.0 in May marks a 4th consecutive month of growth;
- New orders grew moderately during the month;
- Employment only grew marginally in May as order backlogs have begun to stabilise;
- Input price inflation moderated during the month while firm reduced their output prices to remain competitive. factory gate prices tumbled at their sharpest rate in 3 years.
Posted in: Macroeconomic Data