Eurozone Manufacturing Growth Slows Again at Start of Q2

The upturn in the UK manufacturing sector slowed

Nikkei said job creation was reported after two months of lower employment, which helped companies to work through their backlogs.

"Although growth has slowed markedly compared to the start of the year, December had seen the best performance in over 20 years of survey data collection, with factory activity clearly surging at an unsustainable rate".

The increase in new business was the first recorded by the PMI survey so far in 2018.

This indicator measures perceived changes in activity levels across China's manufacturing sector from one month to the next.

Reflecting weak demand conditions, purchasing activity fell across Malaysia's manufacturing sector for the fifth successive month during April.

He added that "price data suggests that inflationary pressures, which stem from U.S. dollar strength, subsided slightly as input cost inflation softened from one month earlier and now settled below the historical average".

Concerning future market conditions and the strength of global demand, some manufacturers expressed weakened confidence toward the year ahead, reflected by a Caixin/Markit PMI sub-index that dipped to a four-month low last month.

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Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April. The contraction quickened to a solid pace that was the fastest since the end of 2017.

The Eurozone's new export orders also stood at its 17-month low, which linked to the recent strengthening of the euro exchange rate, especially against the U.S. dollar, the report highlighted.

Supported by faster expansions in output and new orders, manufacturing conditions in India improved for the ninth month in a row in April, a private survey showed on Wednesday.

Output growth was solid and picked-up from March's five-month low, but remained slightly below the average for the current nine-month period of expansion.

Growth in electronics output is expected to moderate this year.

Slower increases in new orders and employment caused the weaker growth signaled by the headline PMI, the report added. That suggest Asia's third largest economy is in good heart as disruptions from a shock ban on high-value currency notes in November 2016 and the chaotic launch of a goods and services tax (GST) in July fade.

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