Morning Bites

🌏 Global manufacturing PMIs mainly improved in April. The Eurozone Markit Manufacturing PMI printed 52.2 last month (vs. 51.6 in March), while the US ISM Manufacturing PMI remained flat at 52.7 (the highest point since Aug-22)

🇨🇳 The official NBS Manufacturing PMI in China inched down to 50.3 (from 50.4 a month ago). However, the Caixin China Manufacturing PMI jumped to 52.2 (from 50.8 earlier)

🇮🇳 India’s manufacturing PMI of 54.7 remains one of the strongest indicators among the world's key economies

❗️Overall, manufacturing PMI readings in every major region were above 50.0 in April: this could be a positive sign for local industrial metals demand, if the trend persists, we think. At the same time, India remains the standout with continuously robust PMI figures

#PMIs