Economy
January 4, 2014
Global Manufacturing PMI Accelerating
Written by Sandy Williams
The JP Morgan Global Manufacturing PMI rose to 53.3 in December from 53.1 in November, expanding for the twelfth consecutive month.
Manufacturing production increased at its fastest pace since Feb. 2011, with growth rate of new orders holding steady at November’s rate. Exports rose for the sixth consecutive month. The US, Japan, Germany, the UK and Italy led output growth for the month. France continued to contract while a Canada recorded a sharp slowdown.
