The pace of expansion improved in France, while growth in Spain and Italy weakened in April.
Manila: London copper futures recovered from their weakest level in almost a month on Wednesday after a private survey showed growth in China´s manufacturing sector unexpectedly picked up in April, brightening the demand outlook in the top user of the metal.
There was nothing in Tuesday's PMI report to suggest British factories - which account for around a tenth of overall economic output - will regain the vigour they enjoyed in late 2017, when a recovery in the euro zone boosted British manufacturing.
In particular, output and new orders declined at an accelerated pace during the month, reflecting lackluster demand from both domestic and worldwide markets on the back of ebbing economic growth. Moreover, the rate of selling price inflation edged up from March's three-month low.
A twenty-first consecutive month of rising production in the Japanese manufacturing sector was recorded in April.
Indian manufacturers faced higher input costs during April, thereby extending the current period of inflation to just over two-and-a-half years.
The 50-point level separates expansion from contraction on a monthly basis. The rate of growth in output was solid overall and the fastest since January. "At the same time, IHS Markit anticipates that widening interest rate differentials will lead to a further depreciation of the Indonesian rupiah this year", Dodhia said.
He added that "price data suggests that inflationary pressures, which stem from U.S. dollar strength, subsided slightly as input cost inflation softened from one month earlier and now settled below the historical average". Strikes, bad weather and unusually high levels of illness have also plagued businesses.
"Uncertainty has also intensified due to worries regarding trade wars and Brexit, underscoring downside risks to the outlook", he added. The former rose at the fastest pace in 2018 so far, while inventories of finished goods were depleted at the joint-fastest rate in the survey history. Although this will be unreservedly welcomed by policymakers, weak export sales will be a concern and may be a sign of things to come amid the recent strength of the yen.