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Good morning. Here's what you need to know. European manufacturing contracted less than expected in May.
German manufacturing PMI hit a three-month high of 49.4, up from 48.1. A reading below 50 however shows that manufacturing is still at contractionary levels. Italian PMI climbed to 47.3 in May, from 45.8. French PMI hit a 13-month high of 46.4, and Spanish PMI hit a two-year high of 48.1.The Markit PMI manufacturing report for May is out at 8:58 a.m. ET, followed by the ISM manufacturing index at 10. Consensus is for
PMI to hold steady at 52.1, and for the ISM manufacturing index to rise to 51. Follow the release at Business Insider >Please Note: Business Insider will never share your information with any other companies. You also have the ability to unsubscribe from these newsletters at any time simply by following the unsubscribe link located at the bottom of each email
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