Technology returns to top of global sector PMI rankings in AprilStaff Writer | May 9, 2017
The April Markit Global Sector PMI data signalled that the technology sector returned to the top of the growth rankings, just ahead of industrials.
World Markit Global Sector PMI
The faster rise in technology output was driven by the manufacturing component of the sector.
Technology equipment registered the secondfastest rate of expansion among the detailed sectors monitored, while software & services posted a comparatively subdued rate of expansion and placed in the bottom half of the rankings.
The four finance-related sectors registered differing trends in April.
Real estate was the slowestgrowing sector monitored, while banks was also in the bottom five.
In contrast, insurance was the strongest-growing detailed sector and other financials was third-fastest.
Metals & mining was the second-slowest growing sector in April.
This marked a return to its trend performance since mid-2014 and ended a recent period of comparatively strong growth – the sector was previously the second-fastest growing category back in November 2016. ■