Skip to main content

PMI readings bode ill for commodities demand

The global manufacturing PMI fell back in April. Admittedly, it was a sharp drop in China’s PMI that weighed on the global aggregate, but there are warning signs in the PMIs of most of the major advanced and emerging economies. While supply constraints may keep commodity prices elevated for some time yet, we think subdued demand will weigh on most prices later this year and in 2023.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access