Economy
May 3, 2019
Global Manufacturing Subdued in April
Written by Sandy Williams
Global manufacturing activity appeared lackluster in April. The J.P. Morgan Global Manufacturing PMI hovered just above the no change mark at 50.3, down from 50.5 in March, and at its lowest reading since June 2016.
“The global manufacturing sector remained subdued at the start of the second quarter, with the PMI barely above the 50.0 mark and rates of expansion in output and new orders still lackluster and well below long-run trend levels,” said David Hensley, Director of Global Economic Coordination at J.P. Morgan. “In particular, the capital goods sector PMI underscores that business capex remains stalled. International trade flows remain a significant drag on the manufacturing sector. New export business has now decreased for eight successive months.”
