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Technology returns to top of global sector PMI rankings in April

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Staff 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
Financials slipped to bottom position among the eight broad sectors monitored, the first time it has propped up the rankings since late-2013.

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.