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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.
