Hits four-year high as stockbuilding lifts activity, masks demand fragility ahead
The Manufacturing Purchasing Managers' Index (PMI) expanded to 51.6 in April (Mar: 50.7), marking the highest reading in four years
- The expansion reflects post-festive normalisation and pre-emptive stockbuilding amid supply chain risks linked to Middle East conflicts. Production, employment and purchasing activity drove the rebound, though inflation pressures hit a record high and delivery delays worsened.
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