Euro zone manufacturing output grew at the fastest pace in just over three years in April despite overall factory activity remaining in contraction territory, with the big three economies showing signs of improvement,

U.S. manufacturing growth remained subdued in April as confidence in the outlook hit a ten-month low and prices continued to quickly rise.

Manufacturing PMI registered 48.7% in April, indicating contraction at a faster rate when compared to the March reading of 49%. “Of the five subindexes that directly factor into the Manufacturing PMI,