Global Manufacturing Sees Mixed Performance in May

US and Turkey face contraction, while UK, China, and Japan report growth amidst varied economic pressures.

US manufacturing activity declined for the second consecutive month, with new orders dropping significantly.
UK manufacturing rebounded, showing the highest optimism in over two years and strong production growth.
Turkey's factory sector contracted further due to weak demand and high prices, affecting production and employment.
China's manufacturing hit a two-year high, driven by strong domestic and global demand despite mixed official reports.
Japan's factory activity expanded for the first time in a year, although growth remained modest with subdued demand.