JPMorgan Global PMI: Report on Manufacturing and Services - May 4, 2007

Signs of Improvement in the US Supported Stronger Global Economic Expansion in April. Input Cost Inflation Accelerated, Hitting an Eight-Month Peak.

April data pointed to signs of renewed strength in the global economy, as growth rates improved in both the manufacturing and service sectors. At its present level of 56.3, the JPMorgan Global All-Industry Output Index is consistent with a 3.0%-3.25% rise in global GDP — an improvement on the 2.25%-2.5% signalled for Q1 2007.

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