Economy
April 3, 2017
Global PMI Maintains Strength in March
Written by Sandy Williams
For the thirteenth consecutive month, manufacturing across the globe expanded. The JP Morgan Global Manufacturing PMI posted at 53.0 in March, the same as its February 69-month high. First quarter 2017 averaged a reading of 52.9, the best quarter since Q2 2011.
As expected with a no-change reading, components of the PMI were little changed in March. Output dipped 54.2 from 52.3, new orders were unchanged at 54.2, and new exports were at 52.5 compared to 52.8 in February.
