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In April 2018 operating conditions in Indonesia's manufacturing sector strengthened at the strongest pace since June 2016, reflected by the strongest growth of output and new orders in Indonesia since July 2014 and June 2016, respectively.

The Markit/CIPS UK Manufacturing purchasing managers' index (PMI) showed a reading of 53.9 last month, lower than the 54.9 for March.

Greece's manufacturing growth moderated further in April to the weakest level in five months, survey figures from IHS Markit showed Wednesday.

New export orders fell for the first time in 17 months. New order inflows rose at a solid and faster clip, prompting firms to recruit new staff and expand production.

"The slowdown reflects weaker demand at home and overseas; both the overall and new export orders balances dropped to 10-month lows in April", said Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics.

In line with rising new orders (from the domestic market that is) and rising production, Indonesian manufacturers' purchasing activity (input buying) rose last month, with the rate of growth accelerating to the fastest since July 2014.

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Input cost inflation remained at the 20-month low recorded in March.

US manufacturing sector's operating conditions saw a steep rebound in April, showed the April survey data.

The data comes after separate figures from the manufacturing sector showed activity fall to a 17-month low, which knocked sterling on Tuesday. Bloomberg's PMI consensus estimate was 56.5 and Dow Jones was also calling for 56.5 for April. This was indicative of a faster improvement in the health of India's manufacturing economy than in the prior month, but pointed to a modest upturn that was weaker than the series trend.

"Following successive months of softening output growth through February and March, Japan's service sector started the second quarter by gathering some momentum", said Joe Hayes, economist at IHS Markit, which compiles the survey.

Part of the increase in purchase prices was passed on to clients in the form of higher output charges in April. That said, the degree of positive sentiment dipped to a 16-month low, reflecting more subdued confidence in six of the nations covered (the exceptions being improved positivity in Germany and Greece). Furthermore, the pace of input price inflation accelerated to the sharpest in almost 7 years.


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