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Global transportation activity stalls in April

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Christian Fernsby |
World   Chemicals output rose at a stronger rate, lifting overall basic materials output

Global Sector PMI indices are compiled from responses to questionnaires sent to purchasing managers in IHS Markit's global PMI survey panels, covering over 27,000 private sector companies in more than 40 countries.

Indices are available for the basic materials, consumer goods, consumer services, financials, healthcare, industrials, technology and telecommunication services industry groups, and sub-sectors of these groups.

Global transportation activity stagnated in April, with the Business Activity Index for the sector at a 34-month low of 50.2.

This sector forms part of the wider industrials group, where output rose at the slowest rate in the current 32-month growth sequence.

Elsewhere, chemicals output rose at a stronger rate, lifting overall basic materials output higher for the first time in seven months despite a further drop in metals and mining.

The third constituent materials sector – forestry and paper products – registered broadly no change in output, ending a five-month downturn.

The global automobiles and auto parts sector remained in contraction in April.

Output fell for the seventh month running, albeit at the weakest rate since last November.

New orders fell at the sharpest rate since the series began in late-2009, however.

Other financials recorded the strongest growth of all sectors in April, followed software and services.

The rates of expansion were the fastest in ten and 12 months respectively.

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