May 22, 2025
United States:
US Business Activity, Sentiment Improve as Tariff Anxiety Eases
US business activity and output expectations improved this month as trade-related anxiety eased even as price pressures continued to mount due to tariffs.
The S&P Global flash May composite index of output rose 1.5 points to 52.1 after sliding a month earlier to the lowest since 2023, according to data released Thursday.
Europe:
Euro-Zone Private Sector Unexpectedly Shrinks on Services
Private-sector activity in the euro area unexpectedly shrank in May as services recorded their worst performance in 16 months.
The Composite Purchasing Managers’ Index by S&P Global fell to 49.5 from 50.4 in April, dipping below the 50-threshold separating expansion from contraction, data Thursday showed.
Asia:
BOJ Shouldn’t Act on Surging Super-Long Yields, Noguchi Says
The Bank of Japan doesn’t need to step into the bond market to take action against a recent spike in super-long yields, as it’s hard to say there’s anything abnormal about the moves, according to a member of the central bank’s board.
It wouldn’t be appropriate for the BOJ to intervene unnecessarily rather than letting the market move on its own, BOJ board member Asahi Noguchi said Thursday in a press conference in Miyazaki, southwestern Japan.
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