JP Morgan global manufacturing PMI for April - the one line summary is:
- Global manufacturing growth remains lacklustre as international trade flows contract again
The data was published overnight (hence the ICYMI), came in at 50.3 in April,
- from 50.5 in March
- April's results is the lowest since June 2016
JPM comments:
- "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.
- 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 eighth successive months."
