{"id":1539399,"date":"2025-06-02T14:05:56","date_gmt":"2025-06-02T18:05:56","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1539399"},"modified":"2025-06-02T14:05:56","modified_gmt":"2025-06-02T18:05:56","slug":"us-manufacturing-surveys-mixed-in-may-as-imports-collapse-prices-paid-at-3-year-highs","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-manufacturing-surveys-mixed-in-may-as-imports-collapse-prices-paid-at-3-year-highs\/1539399\/","title":{"rendered":"US Manufacturing Surveys Mixed In May As Imports Collapse; Prices Paid At 3 Year Highs"},"content":{"rendered":"

US Manufacturing Surveys Mixed In May As Imports Collapse; Prices Paid At 3 Year Highs<\/span><\/p>\n

\n

With ‘soft’ data turning back up to hard data’s reality, all eyes are on this morning’s Manufacturing PMI surveys for signs of continued reality-checks on the economy.<\/p>\n

S&P Global’s US Manufacturing PMI rose <\/strong>from 50.2 to 52.0 in end May (but that was down from the flash print of 52.3) – Highest since February.<\/strong><\/p>\n

ISM’s US Manufacturing PMI fell<\/strong> from 48.7 to 48.5 (below expectations of 49.5) – Lowest since November<\/strong><\/p>\n

<\/a><\/p>\n

Source: Bloomberg<\/p>\n

But, “the rise in the PMI during May masks worrying developments under the hood of the US manufacturing economy,”\u00a0<\/strong>according to Chris Williamson, Chief Business Economist at S&P Global Market Intelligence<\/a>.<\/p>\n

“While growth of new orders picked up and suppliers were reportedly busier as companies built up their inventory levels at an unprecedented rate<\/strong>, the common theme was a temporary surge in demand<\/strong> as manufacturers and their customers worry about supply issues and rising prices. <\/em><\/p>\n

\u201cThese concerns were not without basis: supplier delays have risen to the highest since October 2022, and incidences of price hikes are at their highest since November 2022, <\/strong>blamed in most cases on tariffs. Smaller firms, and those in consumer facing markets, appear worst hit so far by the impact of tariffs on supply and prices. <\/em><\/p>\n

Prices remain at or near 3 year highs while new orders and employment continue to contract…<\/p>\n

<\/a><\/p>\n

Imports plunged in April (to the lowest since 2009)…<\/p>\n

<\/a><\/p>\n

But, uncertainty remains:<\/p>\n

\u201cEncouragingly, manufacturers regained some optimism in May after sentiment had been hit hard by tariff announcements in April, partly reflecting the pauses on new levies.<\/strong> <\/em><\/p>\n

However, uncertainty clearly remains elevated amid the fluid tariff environment, and factories have so far shown a reluctance to expand headcounts in the face of such volatility.\u201d<\/em><\/p>\n

Baffle ’em with bullshit surveys continue…<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nMon, 06\/02\/2025 – 10:05<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/economics\/us-manufacturing-surveys-mixed-april-prices-paid-3-year-highs<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

US Manufacturing Surveys Mixed In May As Imports Collapse; Prices Paid At 3 Year Highs With ‘soft’ data turning back up to hard data’s reality,…<\/p>\n","protected":false},"author":0,"featured_media":1539400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1539399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-6st1","jetpack_featured_media_url":"https:\/\/bugaluu.com\/news\/wp-content\/uploads\/sites\/3\/2025\/06\/bfm9941-X1hQU3.jpg","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1539399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1539399"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1539399\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1539400"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1539399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1539399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1539399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}