Economy
October 3, 2015
Global Manufacturing Flat in September
Written by Sandy Williams
Global manufacturing has been trending flat to downward for most of 2015. The JP Morgan Global Manufacturing PMI continued that trend in September with a posting of 50.6 from 50.7 in August. The PMI was the lowest it has been since July and has averaged 50.8 for third quarter. Any reading over 50.0 is considered expansion.
The U.S. and European Union were the strongest contributors to PMI growth in September while Asian countries weakened. All nations in the Eurozone, except Greece, reported expansion last month. Greece and Brazil remain in severe contraction as third quarter closes.
