China's manufacturing activity eased in May, S&P Global said Monday.
The seasonally adjusted RatingDog China General Manufacturing PMI came in at 51.8, compared with 52.2 in the previous month and the consensus estimate of 51.4 from Investing.com.
The reading signaled a softer improvement in manufacturing conditions than the previous month, but remained comfortably above the long-run survey trend of 50.8 since 2004, S&P Global said.
Taiwan's manufacturing production expanded in May, S&P Global said Monday.The latest S&P Global Taiwan Manufacturing PMI came in at 56.1, compared with 55.3 in April.The reading indicated strengthening business conditions and the quickest recorded rate of expansion since August 2021.
Japan's manufacturing production expanded in May, S&P Global said Monday.The latest S&P Global Japan Manufacturing PMI came in at 54.5, compared with 55.1 in April, matching the flash data.The reading indicated improvement in overall business conditions, despite slipping from April's 51-month high.
South Korean manufacturing output expanded in May, S&P Global said on Monday.The latest seasonally adjusted S&P Global South Korea Manufacturing PMI rose to 54.8 from 53.6 in April.S&P Global said the reading was the highest in five years, driven by the rise in production and new order volumes.The demand for manufactured products was fueled by the need to build and maintain inventories due to the disruption caused by the war in the Middle East, according to S&P.