S&P Global’s flash PMI data showed output growth continuing to run at only a very modest rate across the major developed economies in April, as the war in the Middle East dampened demand.
Business activity growth across the four largest developed economies (G4) continued to grow in April.
The principal area of weakness was the service sector, where growth across the G4 remained largely stalled in April, having slowed sharply in March.
Concerns over supply shortages were highlighted by supplier delivery times lengthening across the G4 on average to the greatest extent since July 2022.
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S&P Global’s flash PMI data showed output growth continuing to run at only a very modest rate across the major developed economies in April, as the war in the Middle East dampened demand.
