Global factory growth nearly stalled in April: PMI

May 3, 2016 3:20 PM

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Global factory growth nearly stalled in April: PMI

LONDON Global manufacturing growth almost stalled last month as rising price halted a pick-up in new orders, a survey showed on Tuesday.

JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, came in at 50.1 last month, only just above the 50 level that separates growth from contraction. It was 50.6 in March.

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