Overview

• India's manufacturing PMI rose to 58.2 in April, the highest level in ten months, driven by strong domestic and international demand.
• Export orders in India grew at the second-fastest pace in over 14 years, with demand surging from regions like Africa, Asia, and Europe.
• Indian manufacturers increased staffing levels, with 9% of firms hiring additional workers on both permanent and temporary contracts.
• The eurozone's manufacturing PMI climbed to 49.0, its highest in 32 months, though it remains in contraction territory as export demand lags.
• Singapore's manufacturing PMI fell below 50 for the first time in 19 months, impacted by U.S. tariff-related export cancellations.