ECONOMICS COMMENTARY
May 07, 2013
PMIs signal global economic slowdown at start of second quarter
The JPMorgan Global PMI, compiled by Markit, fell from 53.0 in March to 51.9 in April, indicating the weakest pace of worldwide economic growth for six months. Rates of expansion deteriorated in both the manufacturing and service sectors, hitting four- and ten-month lows respectively.
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