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Global manufacturing PMI holds above neutral in April

Global manufacturing PMI holds above neutral in April
April's global manufacturing PMI fell slightly to 50.3 but stayed above the neutral mark for the third month. Output and new orders grew, although investment goods declined....

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Global Manufacturing Output and New Orders Increase in April

According to S&P Global, manufacturing output increased in both consumer and intermediate goods sub-industries, while investment goods output contracted for the first time in three months. China, the US, India, and Brazil saw output expand, while Europe remained one of the weaker performing regions. Global manufacturing new orders expanded for the third successive month, with consumer and intermediate goods producers seeing new work intakes improve. Manufacturers also maintained a positive outlook for the sector, forecasting higher production in 12 months' time. April data also showed signs of price pressures building, with rates of increase in output charges and purchase prices gaining in strength. Employment remained unchanged, with jobs growth in some nations offset by losses in others.