S&P Global JPMorgan Global Composite Output Index (global PMI) hits highest in 16 months | Forexlive

This is an encouraging sign for the global economy. From the report:

• The start of the second quarter saw a further acceleration
  in the rate of global economic expansion. Growth of output
  and new orders hit their highest levels since December 2021
  and March 2022 respectively, as job creation and business
  optimism also strengthened. The upturn in output was again
  heavily skewed towards the service sector, as conditions
  remained sluggish in manufacturing.
  
• The J.P.Morgan Global Composite Output Index – produced
  by J.P.Morgan and S&P Global in association with ISM and
  IFPSM – rose to 54.2 in April, up from 53.4 in March. The
  headline index has remained above the neutral 50.0 mark –
  signalling expansion – in each of the past three months.