IHS MARKIT:
The J.P.Morgan Global Manufacturing PMI™ – a composite index produced by J.P.Morgan and IHS Markit in association with ISM and IFPSM – rose to 55.8 in April, its best reading since April 2010. Of the 24 nations for which national PMI data were available, 21 saw business conditions improve, compared to only three signalling contractions (Mexico, Myanmar and the Philippines).
Manufacturing production increased for the tenth successive month, led by solid expansions in the euro area (near surveyrecord growth), Australia, the UK and the US. Expansions were also signalled in China and Japan. By sector, growth was registered across the consumer (two-month low), intermediate (four-month high) and investment (129-month high) goods industries.
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