Economy
December 4, 2016
Global Manufacturing Improves in 22 of 30 Nations
Written by Sandy Williams
Manufacturing conditions improved across the globe in November, according to the latest JP Morgan Global Manufacturing PMI. The composite index rose to a 27 month high of 52.1, inching up slightly from 52.0 in October.
Expansion was noted in 22 of the 30 nations covered under the global survey. New order growth was the strongest seen since 2014. Export traffic rose for the fifth month and to the highest amount in two years. Developed markets like the U.S., Eurozone, Japan and U.K. saw the most gains while emerging markets declined slightly due to reduced flow of exports to China, South Korea, Russia and Brazil.
