Economy
December 2, 2014
Global Manufacturing PMI Slows to 14-Month Low
Written by Sandy Williams
Manufacturing expansion slowed around the globe in November. The JP Morgan Global Manufacturing PMI dropped to 51.8 indicating the slowest pace of growth in 15 months. New order growth posted a 16 month low as international trade languished.
Commenting on the survey, David Hensley, Director of Global Economics Coordination at JPMorgan, said: “The global manufacturing PMI fell to a 14-month low in November, as growth of production and new orders moderated and international trade stagnated. The Output PMI is now consistent with growth of global IP close to 3.3% annualized, a solid pace but not so strong as what was implied by the survey earlier in the year.”
