Manufacturing Sector Expanded at a Slower Pace in May

The supply chain disruptions caused by the disaster in Japan coupled with higher energy prices are likely behind the slowdown in manufacturing activity in May. Despite the sharp deceleration, the overall index remains above the 50-mark that indicates expansion, and even above its long-term average of 52.8.

While manufacturing experienced a

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Japan: Net orders in the machine building sector in March: +2.9% m/m

FOREX NEWS: According to the data released at the beginning of the week, net orders in the machine building sector in Japan increased by 2.9% m/m in March against the revised level of-1.9% m/m in February.
 

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France: Final PMI in manufacturing sector increased to 57.5 points in April

FOREX NEWS: According to the data released today, final PMI in the manufacturing sector in Switzerland increased to 57.5 points in April against preliminary level of 56.9 points.
 

Eurozone: Final PMI in manufacturing sector rose to 58.0 points in April

FOREX NEWS: According to the data released today, final PMI in the manufacturing sector of Eurozone rose to 58.0 points in April against preliminary level of 57.7 points.
 
 

USA: ISM index in manufacturing sector increased to 60.4 points in April

FOREX NEWS: As it became known yesterday, ISM index in the U.S. manufacturing sector increased to 60.4 points in April against the forecast of growth to 59.5 points.

 

USA: Expenditures in construction sector in March: +1.4% m/m

FOREX NEWS: As it became known today, expenditures in the U.S. construction sector increased by 1.4% m/m in March against the forecast of growth by 0.4% m/m
 

China: PMI in service sector rose to 62.5 points in April

FOREX NEWS: AS it became known today, PMI in the service sector of China rose to 62.5 points in April against the level of 60.2 points in March

 

Great Britain: PMI CIPS in manufacturing sector decreased to 54.6 points in April

FOREX NEWS: According to the data released today, PMI CIPS in the manufacturing sector of Great Britain decreased to 54.6 points in April against the forecast of growth to 57.0 points.
 

Australia: Index of business activity in service sector rose to 51.5 points

FOREX NEWS: As it became known in the middle of the week, index of business activity in the service sector of Australia rose to 51.5 points in April, as per estimates of AIG/Commonwealth Bank, against the previous level of 46.5 points.
 

Germany: Final PMI in service sector declined to 56.8 points in April

FOREX NEWS: As it became known today, final PMI in the service sector of Germany declined to 56.8 points in April against the level of 60.1 points in March.
 

France: Final PMI in service sector amounted to 62.9 points in April

FOREX NEWS: As it became known today, final PMI in the service sector of France amounted to 62.9 points in April against preliminary level of 63.4 points and the level of 60.4 points in March.
 

Eurozone: Final PMI in service sector fell to 56.7 points in April

FOREX NEWS: As it became known today, final PMI in the service sector of Eurozone fell to 56.7 points in April against preliminary level of 56.9 points and the level of 57.2 points in March.
 

China: PMI HSBC in service sector fell to 51.6 points in April

FOREX NEWS: According to the data released on Thursday, index PMI HSBC in the service sector of China fell to 51.6 points against the previous level of 51.7 points.
 

NZD: New Zealand Dollar was supported by the news from employment sector

Forex analytics: The New Zealand Dollar grows up at the Forex currency market on Thursday the cause of optimism was suddenly evoked by the employment sector and the report on the unemployment rate for QI.
Forex forecast: MACD indicator is in the positive area for the pair NZD/USD however it started to decline, giving a pair sell signal. Stochastic Oscillator falls in the neutral zone today , approaching oversold ...

U.S. Manufacturing Expands; Construction Spending Boosted by Private Sector

The ISM manufacturing index remained solidly in expansionary territory in April despite the pace of growth moderating slightly, as shown by a decline in the index to 60.4 from 61.2 in March (a reading above 50 indicates the sector is generally expanding). Expectations where for a larger decrease in the

British Pound to Face Headwinds As Private Sector Activity Weakens