Economy
May 2, 2018
April's a Softer Month for Global Manufacturing
Written by Sandy Williams
Global manufacturing started second quarter with a small hop rather than a jump. The JPMorgan Global PMI posted 53.5 in April, up slightly from March’s six-month low of 53.3.
“April PMI data signaled a marginal pick-up in the rate of expansion of the global manufacturing sector, the first growth acceleration seen since the turn of the year,” said David Hensley, Director of Global Economic Coordination at JPMorgan. “Forward-looking orders data point to solid output gains in coming months, constrained by a cooling in the inventory cycle.”
