Economy
November 3, 2015
Global Manufacturing Declines in Asia but Improves in EU and NA
Written by Sandy Williams
The J.P. Morgan Global Manufacturing PMI indicated manufacturing is expanding at a slightly faster rate as the world enters fourth quarter. The October Global PMI registered at 51.4, up from 50.7. The UK led the rise in manufacturing with solid improvement in output and new orders. The U.S. took second place in manufacturing growth alongside a surprisingly robust Italy. Expansion was noted in most of the Eurozone while emerging markets remained in recession for the seventh month.
Input costs and output charges continued to fall and at a faster rate in October. The sharpest decreases were seen in developed markets, while pricing in emerging nations stayed relatively unchanged.
