WKLY - Global PMI Hits 10-Month High Amid Broad Sector Economic Upturn In April 2024
2024-05-09 10:25:00 ET
Summary
- Global growth inched up to a ten-month high in April, according to the worldwide PMI surveys.
- The improving global economic picture reflects a myriad of factors supporting growth, including looser financial conditions, brighter signs of consumer spending, a shift to a more supportive inventory cycle, and fewer supply chain delays.
- From a consumer industries' perspective, consumer goods producers are reporting their strongest sustained spell of growth since early-2022 so far this year.
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Global PMI Hits 10-Month High Amid Broad Sector Economic Upturn In April 2024