April Construction Spending Rises 0.4% Vs. Expected 0.3% Gain

S&P Global US Final Manufacturing PMI Revised Downwards in May, Still Above April Reading

The S&P Global US manufacturing index for May was revised downwards to 55.1 from the flash reading of 55.3, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:30 am ET.The May index stands above the 54.5 reading in April, indicating expansion. This is the highest reading since May 2022.S&P global noted an increase in production and new orders. The growth of output was faster than new orders.

May S&P Global US Final Manufacturing PMI 55.1 Vs. Unrevised Expected 55.3, April 54.5

India's Industrial Production Grows 4.9% in April

India's industrial production, measured by the Index of Industrial Production, recorded a growth of 4.9% in April, higher than a 3.2% rise in March, according to data released by the Ministry of Statistics and Program Implementation (MoSPI) on Monday.MoSPI has revised the base year of the All India Index of Industrial Production (IIP) from 2011-12 to 2022-23 to better reflect the current industrial structure. The revised series features an updated item basket, revised weights and broader sectoral coverage.The rise in IIP was driven by a 6.2% growth in the manufacturing sector.In the same month last year, India's industrial activity had grown 5.7%.The quick estimate of IIP came in at 118.9 against 113.1 in April 2025.The indices of industrial production for mining & quarrying, manufacturing, electricity & gas supply and water supply, and sewerage & waste management were 104.6, 119.3, 125.5, and 146.1, respectively, in April.