Economy
March 4, 2014
Global Manufacturing PMI Reaches 34-month High in February
Written by Sandy Williams
Global manufacturing activity showed steady improvement during February. The JP Morgan Global Manufacturing PMI rose to 53.3 in February, inching up from 53.0 in January. Manufacturing output remained steady in February while new orders grew at a faster rate. Employment levels were higher in much of the world with staffing cuts reported in China, Russia and Indonesia.
The US PMI was at its highest level since May 2010; Japan and the UK growth is considered robust. The Eurozone continues to make progress while China, South Korea and Russian are in contraction. India, Brazil, Vietnam and Indonesia were all below the global average.
