Economy
October 4, 2016
Global Manufacturing PMI Nearly Stagnant in September
Written by Sandy Williams
Global manufacturing is being hampered by weak trade said IHS Markit. The September JP Morgan Global Manufacturing PMI, compiled by Markit, rose slightly to 51.0 from 50.8 in August but failed to show any significant growth in the global manufacturing industry.
The global report of 28 countries showed only eight reporting deteriorating manufacturing conditions in September while degrees of improvement were seen in the other 20. Export growth, although weak, picked up in 16 countries with the UK experiencing the strongest surge. China export growth was only marginal and Russia remained in contraction at the bottom of the export rankings. In 26th and 27th place was South Korea and Brazil. The U.S. held on to thirteenth place as a strong dollar continued to frustrate exports.
