Strong manufacturing recovery

Macro-economy
May 4, 2021

Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline in the US ISM only shows that activity has ceased to accelerate in April. Bond yields are marginally down and the USD is rather stable: the EUR/USD exchange rate is trading in a narrow range around 1.2030.

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Strong manufacturing recovery

You might also read :

Prices dropped again yesterday, but are rebounding this morning

EUAs and power prices reversed from early weakness on revised French 2023 nuclear output target

EUAs hit new record despite weaker energy complex and rising covid concerns

Simplifying energy markets