JP Morgan are inspired by PMI knowledge from each side of the Atlantic.

Following April PMIs within the euro space JPM have raised their second quarter (April – June) GDP forecast to 2%, from 1.5% beforehand.

JPM additionally on the US PMI’s:

• The April flash PMI confirmed sudden and broad-based enchancment
• suggesting additional optimistic momentum within the US economic system … (and) a extra sustained tempo of enlargement
• tighter financial and credit score circumstances don’t look like considerably slowing exercise at the moment