GLOBAL ECONOMY-U.S., UK, China manufacturing all in slow lane

Fri May 1, 2015 1:58pm EDT
 
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* U.S. April Markit manufacturing PMI lowest in 2015

* UK Markit manufacturing PMI falls to 7-month low

* China official PMI holds just above 50 level

By Wayne Cole and Ryan Vlastelica

May 1 (Reuters) - Manufacturing activity growth remained sluggish in some of the world's major economies in April, suggesting that global economic growth remains "moderate and uneven," as the International Monetary Fund described it in its World Economic Outlook in April.

Manufacturing sector data for the eurozone and Latin America will be published on Monday after the May Day holiday in many countries on Friday.

Expansion in the U.S. manufacturing sector weakened in April as growth in output and new orders fell, according to financial data vendor Markit.

The final reading of the U.S. Manufacturing Purchasing Managers' Index for April fell to 54.1 from 55.7 in March. A reading above 50 indicates growth in the sector.

April's growth was the slowest of 2015, and "the survey results raise worries that the dollar's appreciation is hurting the economy," said Chris Williamson, Markit's chief economist. The U.S. dollar rose by about 25 percent against major currencies in the past nine months on a trade-weighted basis.   Continued...