23.04.201414:46:00UTC+00Preliminary Estimate for Global Manufacturing Confidence in April Shows Slight Improvement

Quotes from Barclays Capital:

- Our preliminary estimate for the global manufacturing confidence in April shows a slight improvement due to dissipating weather effects in the US and continued gradual recovery in the euro area. These pushed the overall global 'proxy' to a tentative modest increase, to -0.18 from -0.23 in March, amid still-subdued China 'flash' manufacturing PMI (Markit).

- Preliminary global new manufacturing orders are nearly unchanged at -0.28 (versus -0.27), as the decline in euro area new orders was largely counterbalanced by the improvement in the US, while in China there was a modest uptick.

- Global inventories have tentatively risen slightly this month due to some US stocking.