Manufacturing gets less bad across Europe

Indicators show slowing rate of decline in industry.

Some surprisingly decent manufacturing data has been release this morning, for both the UK and Europe. The purchasing managers' indices (PMIs) for May, which survey a cross-section of companies on their business in the sector to provide an indication of activity in the sector, showed improvement in Spain, Italy and France, as well as in the Eurozone as a whole.

A value of below 50 indicates contraction in the sector, while a value of above 50 indicates expansion; the magnitude of the difference reflects the speed of the change. So a rise from 45 to 48, for instance, would represent a sector still contracting, but doing so slower than it had been before.

In the UK, the sector looks to be growing at the faster rate for 14 months, with a value of 51.3. The both exports and domestic orders contributed, although the latter was the main driver.

UK manufacturing PMI

In Spain, the PMI hit a two-year high, of 48.1; in Italy, it hit a four-month high of 47.3; and in France, it reached a 13-month high of 46.4. All of those values still represent contraction, but contraction at a slower rate than there has been for a while. Combined with the secular trend against manufacturing, that's nothing to be sniffed at.

In the Eurozone overall, the PMI is at its highest for 15 months, although only just. It's still not good news, as such – not a single nation covered is actually growing – but it's still hopeful:

The German PMI signalled the slowest rate of contraction overall and moved close to the stabilisation level as output and new orders both rose for the first time in three months. Downturns in the Netherlands and Austria were also only moderate.

Photograph: Getty Images

Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter.

Show Hide image

Pro-Trump site “reveals” Hillary Clinton’s “hitman and secret sex fixer” to be… Ed Miliband

Unsubstantiated cobblers? Why not spice it up with a picture of the former leader of the Labour party awkwardly standing?

The weekly pro-Trump supermarket tabloid, The National Enquirer, ran an unsubstantiated story recently allegedly quoting a former Hillary Clinton bag carrier. The source, described as a “hitman” and “fixer”, provided a WORLD EXCLUSIVE!!!! about all the things that Clinton supposedly made him do – involving (hold your horses, America!) sex and money.

The story was picked up by a pro-Trump site called American News, and other murky corners of the internet’s alt-right, and illustrated with an even more bollocks (if that’s possible) photo. It’s a picture of Bill Clinton shaking Nick Clegg’s hand – with Ed Miliband lurking nearby, giving them the side-eye.

Looks familiar, right?

But never mind that this photo was taken three years ago at Nelson Mandela’s memorial service. Never mind that it accuses the former leader of the UK Labour party of being in the pocket of the Clintons. Never mind that even the circle highlighting him was copied from the Mail. Never mind that Ed Miliband, face furrowed in suspicion, hand damply resting on his front, resembling an awkward and aggrieved butler, would be the last person to have the wherewithal to arrange discreet sordid liaisons anyway. It’s a picture on the internet, folks!

Let’s take our country out of the hands of these failed innocuous Bridish politicians and make America great again!

I'm a mole, innit.