Mumbai, May 5 -- The Global Manufacturing PMI, sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, fell from 50.3 in March to 49.8 in April, dropping below the 50 'no change' level to indicate a marginal worsening of overall business conditions for the first time so far this year. The marginal decline signaled by the PMI suggests global manufacturing has remained broadly flat in the face the announced tariffs by the US and responses from trading partners. The survey recorded the steepest drop in global export orders since August 2023. Barring the post-pandemic years, April's drop in exports was the largest recorded since October 2012. Details of the survey showed that index of future output expectations in April plunged...