ACWF - PMI Signals Further Near-Stalling Of Global Manufacturing At Start Of Second Quarter
Worldwide PMI surveys indicated that manufacturing once again broadly stagnated in April, with growth of business activity running at its lowest since mid-2016. New order inflows continued at one of the slowest rates since 2012 amid a further decline in worldwide exports.
Weak demand, meanwhile, pushed price pressures down to the lowest for two and a half years.
By country, Greece reported the strongest upturn, contrasting with Germany, which continued to see the steepest downturn, ensuring the Eurozone once again acted as a significant drag on the global manufacturing economy. The US moved up the