2024-03-16 06:40:00 ET
Summary
- S&P Global's PMI surveys indicated that the global economy gained further growth momentum in February.
- business activity in the developed world rose at the fastest rate for eight months, increasing for a second month after five months of decline.
- Global services selling price inflation remained especially elevated, accelerating slightly in February, and manufacturers' selling prices rose for a seventh straight month.
Global PMI rises for fourth straight month to hit eight-month high
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Global PMI Signals Faster Economic Growth Amid Steady Price Gains