💨 Abstract

Germany and UK private sector production decreased this month due to concerns over almost universal tariffs by US President Donald Trump, signaling accumulating global damage from US trade tariffs. German PMI, which measures activity in manufacturing and service sectors, fell to 49.7 from 51.3 in March, indicating contraction. UK PMI dropped to 48.2, the lowest since November 2022, indicating significant slowdown in growth.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖