EWJV - Global PMI Selling Price Inflation Accelerates To 10-Month High
2024-04-05 05:40:00 ET
Summary
- Worldwide PMI survey data compiled by S&P Global found average prices charged for goods and services to have risen globally at the fastest rate for ten months in March.
- The main area of stubborn price pressure remains the service sector, which reported the steepest price rise for eight months globally in March, the rate of increase running well ahead of the average seen prior to the pandemic.
- The steepest rates of selling price inflation were recorded in the UK and the US in March, although directions of travel varied.
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Global PMI Selling Price Inflation Accelerates To 10-Month High