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May 2014, Global Manufacturing Activity Indicator (PMI)

by Eduardo Petazze
In May 2014 the world's manufacturing activity continued to expand at a faster pace than in April 2014
Summary of surveys for May 2014 Purchasing Managers Index (PMI) of global manufacturing

Overview
Mfg.May 2014 Summary
Rate of change
Numbe r of countrie s
ne gative unchange positive
Expanding (PMI>50.09)
18
0
10
Stable (PMI~50.0)
0
0
0
Contracting (PMI<49.91)
8
0
3
Total
26
0
13

total
28
0
11
39

Breakdown by countries and links


Worldwide Manufacturing PMI (SA)
2013
2014
May14 vs. Apr14
weight
Reference links
Country
May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Chg. Direction
Rate of Chg
1.35% Australian Industry Group Australia
43.8 49.6 42.0 46.4 51.7 53.2 47.7 47.6 46.7 48.6 47.9 44.8 49.2 4.4 Contracting Slower
0.48%
Bank Austria
Austria
48.2 48.3 49.1 52.0 51.1 52.7 54.3 54.1 54.0 53.0 51.0 51.4 50.9 -0.5 Expanding Slower
3.24%
HSBC - May14 report
Brazil
50.4 50.4 48.5 49.4 49.9 50.2 49.7 50.5 50.8 50.4 50.6 49.3 48.8 -0.5 Contracting Faster
2.05%
See detail below
Canada
58.2 53.9 50.2 51.6 53.1 59.2 54.5 49.9 54.3 55.1 54.3 53.5 50.2 -3.3 Expanding Slower
18.94%
See detail below
China
50.0 49.2 49.0 50.6 50.7 51.2 51.1 50.8 50.0 49.4 49.2 49.3 50.1 0.8 Stable
from contracting
0.38%
HSBC - May14 Report
Czech Rep. 50.1 51.0 52.0 53.9 53.4 54.5 55.4 54.7 55.9 56.5 55.5 56.5 57.3 0.8 Expanding Faster
0.28%
DILF
Denmark
56.2 56.7 57.0 59.2 55.0 54.0 58.3 54.2 57.1 57.4 62.6 60.7 60.2 -0.5 Expanding Slower
0.74%
HSBC - May14 Report
Egipt
48.5 47.5 41.7 42.2 44.7 49.5 52.5 52.0 48.7 50.0 49.8 49.5 48.7 -0.8 Contracting Faster
3.03%
MARKIT
France
46.4 48.4 49.7 49.7 49.8 49.1 48.4 47.0 49.3 49.7 52.1 51.2 49.6 -1.6 Contracting from expanding
4.32%
MARKIT / BME
Germany
49.4 48.6 50.7 51.8 51.1 51.7 52.7 54.3 56.5 54.8 53.7 54.1 52.3 -1.8 Expanding Slower
0.35%
MARKIT
Greece
45.3 45.4 47.0 48.7 47.5 47.3 49.2 49.6 51.2 51.3 49.7 51.1 51.0 -0.1 Expanding Unchange
0.52% HSBC composite - Report Hong Kong 49.8 48.7 49.7 49.7 50.0 50.1 52.1 51.2 52.7 53.3 49.9 49.7 49.1 -0.6 Contracting Faster
0.27%
MLBKT (BMI)
Hungary
47.1 50.8 49.0 51.8 54.5 51.0 52.6 50.2 57.9 54.3 53.7 54.6 53.9 -0.7 Expanding Slower
7.03%
HSBC
India
50.1 50.3 50.1 48.5 49.6 49.6 51.3 50.7 51.4 52.5 51.3 51.3 51.4 0.1 Expanding Unchange
1.79%
HSBC - May14 report
Indonesia
51.6 51.0 50.7 48.5 50.2 50.9 50.3 50.9 51.0 50.5 50.1 51.1 52.4 1.3 Expanding Faster
0.25%
Investec
Ireland
49.7 50.3 51.0 52.0 52.7 54.9 52.4 53.5 52.8 52.9 55.5 56.1 55.0 -1.1 Expanding Slower
0.37% IPLMA - Bank Hapoalim Israel
47.1 46.0 47.6 47.6 44.9 46.6 44.5 46.8 49.5 50.0 48.9 51.4 55.6 4.2 Expanding Faster
2.39%
MARKIT / ADACI
Italy
47.3 49.1 50.4 51.3 50.8 50.7 51.4 53.3 53.1 52.3 52.4 54.0 53.2 -0.8 Expanding Slower
6.26%
MARKIT / JMMA
Japan
51.5 52.3 50.7 52.2 52.5 54.2 55.1 55.2 56.6 55.5 53.9 49.4 49.9 0.5 Stable
Slower
2.27%
HSBC - May14 report
Korea
51.1 49.4 47.2 47.5 49.7 50.2 50.4 50.8 50.9 49.8 50.4 50.2 49.5 -0.7 Contracting from expanding
0.09%
BLOMINVEST Bank
Lebanon
52.6 50.3 47.6 44.9 47.0 49.1 45.1 49.0 44.5 45.5 46.2 48.5 48.0 -0.5 Contracting Faster
2.49%
See detail below
Mexico
50.7 49.8 49.9 50.5 50.6 50.0 51.6 51.9 52.3 51.6 52.2 52.2 52.3 0.1 Expanding Unchange
0.93%
NEVI
Netherlands 48.7 48.8 50.8 53.5 55.8 54.4 56.8 57.0 54.8 55.2 53.7 53.4 53.6 0.2 Expanding Faster
0.19% Business NZ - May14 Rep. N. Zealand 57.6 54.7 59.3 57.3 54.6 56.4 57.3 56.6 56.3 56.2 58.3 54.4 52.7 -1.7 Expanding Slower
0.37%
NIMA - May14 Report
Norway
53.0 46.5 49.5 53.0 52.1 52.8 53.1 50.9 52.7 51.3 52.3 51.1 49.8 -1.3 Contracting from expanding
1.11%
HSBC - May14 report
Poland
48.0 49.3 51.1 52.6 53.1 53.4 54.4 53.2 55.4 55.9 54.0 52.0 50.8 -1.2 Expanding Slower
3.41%
HSBC
Russia
50.4 51.7 49.2 49.4 49.4 51.8 49.4 48.8 48.0 48.5 48.3 48.5 48.9 0.4 Contracting Slower
1.28% SABB HSBC - May14 report S. Arabia
57.3 56.6 56.6 57.5 58.7 56.7 57.1 58.7 59.7 58.6 57.0 58.5 57.0 -1.5 Expanding Slower
0.48%
SIPMM
Singapore
51.1 51.7 51.8 50.5 50.5 51.2 50.8 49.7 50.5 50.9 50.8 51.1 50.8 -0.3 Expanding Slower
0.80%
See detail below
S. Africa
50.7 50.1 51.9 53.4 49.9 51.1 52.0 50.2 50.1 51.6 50.3 48.4 47.0 -1.4 Contracting Faster
1.85%
MARKIT
Spain
48.1 50.0 49.8 51.1 50.7 50.9 48.6 50.8 52.2 52.5 52.8 52.7 52.9 0.2 Expanding Faster
0.54%
SILF - Report
Sweden
52.1 53.5 51.3 52.2 56.0 52.0 56.0 52.3 56.4 54.6 56.6 55.5 54.1 -1.4 Expanding Slower
0.50% SVME / CREDIT SUISSE Swiss
51.6 51.4 55.9 54.7 55.4 55.4 57.5 55.0 56.1 57.6 54.4 55.8 52.5 -3.3 Expanding Slower
1.26%
HSBC - May14 Report
Taiwan
47.1 49.5 48.6 50.0 52.0 53.0 53.4 55.2 55.5 54.7 52.7 52.3 52.4 0.1 Expanding Unchange
1.58%
HSBC - May14 Report
Turkey
51.1 51.2 49.8 50.9 54.0 53.3 55.0 53.5 52.7 53.4 51.7 51.1 50.1 -1.0 Stable
Slower
0.37%
HSBC
UAE
55.3 54.1 54.5 54.5 56.6 56.3 58.1 57.4 57.1 57.3 57.7 58.3 57.3 -1.0 Expanding Slower
3.23%
MARKIT / CIPS
UK
51.5 52.9 54.8 57.2 56.3 56.5 58.1 57.2 56.6 56.2 55.8 57.3 57.0 -0.3 Expanding Slower
22.70%
See detail below
USA
50.9 52.1 54.4 54.5 54.2 54.8 56.1 55.5 53.7 54.1 54.3 54.9 55.7 0.9 Expanding Faster
0.50%
HSBC - May14 Report
Vietnam
48.8 46.4 48.5 49.4 51.5 51.5 50.3 51.8 52.1 51.0 51.3 53.1 52.5 -0.6 Expanding Slower
100.0%
Worldwide Mfg PMI
see Note
50.4 50.7 50.9 51.6 51.9 52.5 53.0 52.7 52.6 52.5 52.2 52.0 52.2 0.1 Expanding Faster
MARKIT
Euro area
48.3 48.8 50.3 51.4 51.1 51.3 51.6 52.7 54.0 53.2 53.0 53.4 52.2 -1.2 Expanding Slower
HSBC EMI (Composite) Emerging
51.5 50.6 49.5 50.7 50.7 51.7 52.1 51.6 51.4 51.1 50.3 50.4 50.6 0.2 Expanding Faster
JP Morgan
Global
50.6 50.6 50.8 51.6 51.8 52.1 53.1 53.0 53.0 53.2 52.4 51.9 52.2 0.3 Expanding Faster
More than one PMI survey
Country May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Chg. Direction
Rate of Chg
Markit - RBC
53.2 52.4 52.0 52.1 54.2 55.6 55.3 53.5 51.7 52.9 53.3 52.9 52.2 -0.7 Expanding Slower
IVEY
Canada
63.1 55.3 48.4 51.0 51.9 62.8 53.7 46.3 56.8 57.2 55.2 54.1 48.2 -5.9 Contracting from expanding
Canada average
58.2 53.9 50.2 51.6 53.1 59.2 54.5 49.9 54.3 55.1 54.3 53.5 50.2 -3.3 Expanding Slower
CFLP - Stats (Chinese)
50.8 50.1 50.3 51.0 51.1 51.4 51.4 51.0 50.5 50.2 50.3 50.4 50.8 0.4 Expanding Faster
HSBC - May14 report
China
49.2 48.2 47.7 50.1 50.2 50.9 50.8 50.5 49.5 48.5 48.0 48.1 49.4 1.3 Contracting Slower
China average
50.0 49.2 49.0 50.6 50.7 51.2 51.1 50.8 50.0 49.4 49.2 49.3 50.1 0.8 Stable
from contracting
INEGI - SA data:
52.3 51.1 51.0 51.0 51.2 51.2 52.4 52.4 52.5 52.4 52.5 52.9 52.7 -0.2 Expanding Slower
IIEEM report - SA data:
48.1 46.9 48.9 49.5 50.5 48.5 50.5 50.6 50.4 50.4 52.4 51.8 52.2 0.4 Expanding Faster
Mexico
HSBC - May14 Report
51.7 51.3 49.7 50.8 50.0 50.2 51.9 52.6 54.0 52.0 51.7 51.8 51.9 0.1 Expanding Unchange
Mexico average
50.7 49.8 49.9 50.5 50.6 50.0 51.6 51.9 52.3 51.6 52.2 52.2 52.3 0.1 Expanding Unchange
BER-KAGISO -May14 -xls
50.0 51.7 52.5 55.6 50.0 50.7 52.4 49.9 49.9 51.7 50.3 47.4 44.3 -3.1 Contracting Faster
HSBC
S. Africa
51.5 48.5 51.3 51.2 49.8 51.5 51.6 50.5 50.3 51.5 50.2 49.4 49.7 0.3 Contracting Slower
S. Africa Average
50.7 50.1 51.9 53.4 49.9 51.1 52.0 50.2 50.1 51.6 50.3 48.4 47.0 -1.4 Contracting Faster
Regional PMI (see below)
50.5 51.9 54.5 54.2 53.9 56.0 56.5 54.9 56.1 52.1 53.6 54.3 57.6 3.3 Expanding Faster
ISM Report On Business
50.0 52.5 54.9 56.3 56.0 56.6 57.0 56.5 51.3 53.2 53.7 54.9 53.2 -1.7 Expanding Slower
USA
MARKIT
52.3 51.9 53.7 53.1 52.8 51.8 54.7 55.0 53.7 57.1 55.5 55.4 56.4 1.0 Expanding Faster
US average
50.9 52.1 54.4 54.5 54.2 54.8 56.1 55.5 53.7 54.1 54.3 54.9 55.7 0.9 Expanding Faster
US Regional Average Manufacturing PMI 50.5 51.9 54.5 54.2 53.9 56.0 56.5 54.9 56.1 52.1 53.6 54.3 57.6 3.3 Expanding Faster
CHICAGO B. BAROMETER
58.4 51.9 52.6 53.6 56.3 66.2 62.9 60.8 59.6 59.8 55.9 63.0 65.5 2.5 Expanding Faster
Dallas Manufacturing as if it were PMI
51.0 53.3 53.1 50.7 51.7 53.0 52.8 51.0 53.0 53.4 55.8 57.5 50.9 -6.6 Expanding Slower
Kansas City Fed Mfg. (SA) as PMI
51.0 47.5 52.5 53.0 51.0 53.0 53.0 48.5 52.5 52.0 55.0 53.5 55.0 1.5 Expanding Faster
Richmond Mfg. Activity as PMI
49.4 53.6 44.5 56.8 50.0 50.2 56.5 56.4 55.9 47.2 46.7 53.5 53.6 0.1 Expanding Unchange
Philadelphia - Business Outlook Survey
49.2 57.2 59.0 56.6 60.0 57.8 54.6 53.2 54.7 46.9 54.5 58.3 57.7 -0.6 Expanding Slower
ISM - Milwaukee - (Bloomberg chart)
40.7 51.6 52.4 48.2 55.0 57.1 52.1 54.3 52.8 48.6 56.0 47.3 63.5 16.2 Expanding from contracting
ISM-NY - May14 Report
54.4 47.0 67.8 60.5 53.6 59.3 69.5 63.8 64.4 57.0 52.0 50.6 55.3 4.7 Expanding Faster
Empire State Mfg - Current conditions
50.1 53.5 54.4 54.2 53.4 51.6 50.4 51.1 56.3 52.2 52.8 50.6 59.5 8.9 Expanding Faster
Last data published in bold
Revised data in italics
Note: Worldwide Manufacturing PMI was weighted by GDP-PPP estimate by the IMF for 2014 (April 2014 estimate)

Also see:
Global
Week Ahead Economic Overview [23-27 Jun]: Flash PMI and US, UK GDP updates
Global tourism & recreation sector posts solid activity growth in May
Record outperformance of developed world over emerging markets
Global metals & mining output growth remains subdued
Food producers climb to top of global sector rankings in May
Global food output growth at post-crisis high in May
JPMorgan Global Composite PMI
JPMorgan Global Services PMI
China
HSBC China Services PMI
China - CFLP Manufacturing PMI
Euro area
Eurozone industry grows twice as fast as expected in April
Markit Eurozone Composite PMI
Other
Argentina Manufacturing PMI
Dansk Manufacturing PMI
Sales tax hike causes Japans economy to contract for second month running
Norsk Manufacturing PMI
Truck weight restrictions disrupt manufacturing supply chains in Vietnam
UK Economy
UK retailers enjoy best start to a year for a decade
Construction sector booms, Bank of England raises prospect of 2014 rate hike
UK - Regional Purchasing Managers' Index (PMI)
UK unemployment plunges on back of record increase in employment
UK manufacturing recovery gains further momentum
Bank of England policymakers hold off on rate rises again
UK job creation sustained at all-time high as economy continues to surge
Cost of living, energy bills & interest rates top UK household financial concerns
Nearly one-in-four UK households expect interest rates to start rising within the next six months
US
US Retailers on course for best calendar quarter for over three years
Markit US Services PMI