French S&P Global Manufacturing PMI Final (Apr) 52.8 vs. Exp. 52.8 (Prev. 50.0)
The final reading of the French S&P Global Manufacturing PMI for April is in line with expectations at 52.8, significantly up from the previous 50.0.
India is reportedly mulling steps to make Dollar inflows more attractive, to help the weak INR, sources suggest; non-resident FX deposit scheme and tax reliefs on foreign government bonds are reportedly being looked into
German S&P Global Manufacturing PMI Final (Apr) 51.4 vs. Exp. 51.2 (Prev. 52.2); "...businesses expecting activity to fall in the coming year now outweigh those anticipating a rise"
French S&P Global Manufacturing PMI Final (Apr) 52.8 vs. Exp. 52.8 (Prev. 50.0)
EU Commission President von der Leyen says the Canada-EU partnership is strengthening
Italian S&P Global Manufacturing PMI (Apr) 52.1 vs. Exp. 51.6 (Prev. 51.3)
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- "Order books and production lines in France's manufacturing sector enjoyed a welcome boost in April as clients front-loaded their purchases in anticipation of price increases and supply disruption."
- "...firms absorbed a large portion of the rise in their costs during April, but passing this on becomes a lot easier when order books are filling up."
This suggests a modest expansion in the manufacturing sector, driven by increased orders as businesses anticipate rising costs. It implies a positive outlook for production and may influence near-term monetary policy discussions, especially concerning inflation pressures.
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