Economy
June 2, 2015
Lackluster Month for Global PMI
Written by Sandy Williams
Global manufacturing advanced slightly in May according to the JP Morgan Global Manufacturing Survey. The Global PMI registered 51.2 last month, compared to 51.0 in April. International trade remained weak, however, as new export business decreased for the first time in two years.
Production and new orders picked up in May after hitting lows in April. The US continues to be a prime driver of expansion despite its rate of growth easing to a five month low. The Eurozone recovery rate weakened in May and China’s PMI dipped into contraction for the first time this year.
