Economy
December 2, 2015
Global PMI Holds Steady at 51.2
Written by Sandy Williams
Global manufacturing was lackluster in November according to the Global Manufacturing PMI produced by JP Morgan and Markit Economics. The headline index registered 51.2, barely changed from 51.3 in October.
Commenting on the survey, David Hensley, Director of Global Economic Coordination at JP Morgan, said: “The global manufacturing PMI survey registered a second consecutive improvement in November. Based on the past relationship, the output index is consistent with 2.5% annualized growth in production. If realized, this would be a meaningful improvement over less than 1% pace recorded in the year-to-date.”
