Friday, April 21, 2023

S&P Global April Preliminary Release Indicates April Economy on Upswing

Check this out. S&P Global shows broad based upswing in their preliminary release on the economy for April. S&P April Release.  The economy is showing stronger signs than initially thought. 

Quoted Key findings: 

Flash US PMI Composite Output Index(1) at 53.5 (March: 52.3). 11-month high. 

Flash US Services Business Activity Index(2) at 53.7 (March: 52.6). 12-month high.

Flash US Manufacturing Output Index(4) at 52.8 (March: 50.2). 11-month high. 

Flash US Manufacturing PMI(3) at 50.4 (March: 49.2). 6-month high.

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