2024-04-04 12:20:00 ET
Summary
- PMI surveys showed manufacturing business conditions improving at an increased rate in March, gaining further momentum to signal the sector's strongest performance since the first half of 2022.
- The upturn has also broadened out since the initial upturn seen in February, now extending to 17 of the 31 economies covered by the PMI surveys.
- The improvement is also reflective of a widening out of the demand recovery from consumer goods to intermediate goods, with signs also that spending on investment goods may likewise return to growth soon.
PMI surveys showed manufacturing business conditions improving at an increased rate in March, gaining further momentum to signal the sector's strongest performance since the first half of 2022....
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Worldwide Manufacturing Upturn Gains Momentum In March As Recovery Broadens Out