US Manufacturing PMI for April Rises to 50.4: First Improvement in Six Months
The S&P Global Flash US Manufacturing PMI for April rose to 50.4, indicating the first improvement in operating conditions for goods producers in six months, although the overall upturn was only marginal.
The increase was supported by stronger growth in output and employment, alongside a renewed rise in new orders. The rise in new sales signaled stabilizing demand conditions across the sector.
However, a further downturn in foreign client demand continued to dampen overall expansion, as new export orders fell at a solid pace. The rate of cost inflation increased at the quickest pace since November, and selling prices increased sharply.
Manufacturers expressed optimism in the outlook for output over the coming year. However, there were concerns regarding inflation…
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