FORH - Further Surge In Price Pressures In April Casts Mounting Shadow Over Growth Outlook
- Preliminary PMI survey data showed economic growth slowing in the US and UK as strong pandemic rebounds showed signs of fading.
- In contrast, a reopening of economies in the eurozone and Japan helped drive improvements, helping to offset weakened manufacturing performances arising from fresh supply delays.
- A fall in backlogs of work in the UK meanwhile suggests the UK could underperform the US and eurozone in coming months as pent-up demand is depleted.
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Further Surge In Price Pressures In April Casts Mounting Shadow Over Growth Outlook