ADIV - Top 5 Takeaways From April 2024 As PMI Holds Above 50 For 3rd Month Running
2024-05-08 01:35:00 ET
Summary
- At 50.3, the Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global Market Intelligence, remained above the 50.0 neutral mark.
- Despite the cooling in the rate of improvement, the latest data signal an ongoing steadying of the global manufacturing economy so far in 2024 after almost one and a half years of decline.
- While supply constraints do not currently pose a threat to inflation, tight labour markets continue to exert upward pressure on prices via wage costs.
At 50.3, the Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global Market Intelligence, remained above the 50.0 neutral mark (and therefore marginally in expansion territory) for a third successive month in April, albeit the rate of improvement moderating fractionally from March's 20-month high of 50.6....
Top 5 Takeaways From April 2024 As PMI Holds Above 50 For 3rd Month Running