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METALS-Copper slips for third day ahead of U.S. employment data

Copper prices fell for a third day on Thursday, sitting beneath record highs as investors waited for U.S. jobs data on Friday that will offer clues on when monetary policy could tighten. ....

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U.S. service sector index at record high in May; input costs soar - ISM survey

4 Min Read
WASHINGTON (Reuters) - A measure of U.S. services industry activity increased to a record high in May amid robust demand as the economy moves toward fully reopening, but businesses are struggling to source raw materials and labor, driving up production costs.
A customer service agent waits for customers at a Delta Airlines check-in counter at Washington s Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, U.S. April 29, 2020. REUTERS/Kevin Lamarque ....

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CEE ECONOMY-Central European manufacturing sentiment soars as recovery takes hold

Polish flash CPI hits 4.8% y/y in May (Adds Polish flash CPI, analysts, outlooks, details) ....

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German manufacturing hums along in May despite supply bottlenecks - PMI

By Reuters Staff
2 Min Read
FILE PHOTO: Workers assemble a camper at the Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, March 16, 2021. REUTERS/Andreas Gebert
BERLIN (Reuters) - Strong demand kept German factories humming in May even as supply bottlenecks and high material costs held back the sector, a survey showed on Tuesday.
IHS Markit’s Final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the economy, reached 64.4, below March’s record high 66.6 but up from a flash reading of 64.0. The index stood at 66.2 in April.
Factories in Europe’s biggest economy have been humming along during the pandemic almost undisturbed by lockdowns that have impacted the services sector. Activity accelerated early this year on strong demand from the United States and China. ....

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S.Korea's factory activity expands for 8th month on sustained demand - PMI

South Korea's factory activity extended growth into an eighth straight month in May, a private sector survey showed on Tuesday, thanks to the recovery in global demand although the pace of expansion eased slightly. ....

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