Summary

• S&P Global’s flash PMI surveys showed business growth grinding to a halt in May as the ongoing war in the Middle East exerts a growing toll.
• Business activity growth across the four largest advanced economies – the US, eurozone, Japan and the UK (the ‘G4’) – ground to a halt in May.
• S&P Global’s PMI output index for the G4 economies fell to 50.0 in May, a level signifying no change in activity from the prior month, down from 50.8 in April.

S&P Global’s flash PMI surveys showed business growth grinding to a halt in May as the ongoing war in the Middle East exerts a growing toll. Europe is the hardest hit, with the UK and eurozone economies

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