Major manufacturing economies sluggish or shrinking in April

The major global manufacturing sectors experienced sluggish or
negative growth last month, according to several PMI results.

Reuters reports that April was generally
a sluggish month.

The US PMI dropped from to 54.1 – the slowest growth so far in
2015 – 55.7 in March, Canada’s sector was under 50 for the third straight month
(according to the Markit Canada PMI), and Britain’s factories slipped to a
seven-month-low of 51.9 from 54.0.

Any result below 50 indicates contraction.

Japan’s Markit/JMMA PMI also saw a weak result, down to 49.9
from 50.3.

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