Lates News

PMI data shows that commercial activity in the United States rebounded in April after a month of stagnation. However, factory supplier delivery times have increased due to the war with Iran, leading to a measure of output prices reaching the highest level in nearly four years. The U.S. April S&P Global Composite PMI rose to 52.0 from 50.3 in March, the lowest level since September 2023. This improvement was mainly driven by the manufacturing sector and was propelled by inventory accumulation driven by concerns about supply adequacy and price hikes, as reported by S&P Global. The Manufacturing PMI rose from 52.3 in March to 54.0, reaching a new high in 47 months and surpassing economists' expectations of 52.5. The new orders index rose from 52.3 in March to 54.8. The services PMI rose from 49.8 in January (the first contraction since January 2023) to 51.3.