US Manufacturing PMI Hits 10-Month High, Services Return to Growth in April

Published: Apr 26, 2026 12:39

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The latest S&P Global data for April released by the US showed that the preliminary manufacturing PMI reached 54, not only exceeding the prior market expectation of 52.5 but also hitting the highest level since May 2022. The services PMI also rose to 51.3, returning to expansion territory. Meanwhile, the preliminary composite PMI came in at 52, the highest level in three months. In addition, price increases for goods and services reached their largest since July 2022.

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