Economy
January 5, 2016
Global Manufacturing Ends 2015 on a Weak Note
Written by Sandy Williams
Manufacturing ended the year with general global slowing as production and new orders declined. The JP Morgan Global Manufacturing PMI registered 50.9 in December, down from 51.2 in November. The global PMI average for 2015 failed to surpass the average reading for the prior two years.
PMI indices for China, India, Brazil, Russia, Indonesia and Malaysia ended the year in contraction. Expansion slowed in the U.S. and U.K. but remained steady in Japan. With the recovery of Greece, the EU nations were all in growth territory for the first time since April 2014.
