Economy
March 3, 2015
Global PMI Rises Slightly in February
Written by Sandy Williams
Twenty-seven months of consecutive global manufacturing growth was marked by the JP Morgan Global PMI in February. The headline index rose to 52.0 from 51.7 in January.
The United States continued to be the prime driver of global growth with the Markit U.S. PMI increasing to 55.1 from 53.9 in January. Mexico showed strong growth as well, expanding for the seventeenth month. Canada manufacturing activity fell into contraction for the first time in two years as orders dwindled from the oil and gas sector.
