FPA - Top 5 Takeaways From May's Global Survey Data As Manufacturing PMI Hits 22-Month High

2024-06-05 09:40:00 ET

Summary

• At 50.9, the Global Manufacturing PMI recorded above 50.0 neutral mark for a fourth straight month in April.
• The latest data signalled an ongoing steady improvement of the global manufacturing economy so far in 2024 after almost one and a half years of decline.
• The production improvement was again led by Asia, but is becoming more broad-based.

At 50.9, the Global Manufacturing PMI, sponsored by JPMorgan and compiled by S&P Global Market Intelligence, recorded above 50.0 neutral mark (and therefore in expansion territory) for a fourth straight month in April, the rate of growth gaining ground to the highest since July 2022. The latest data signalled an ongoing steady improvement of the global manufacturing economy so far in 2024 after almost one and a half years of decline....

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