Economy
June 4, 2017
Global PMI at Six Month Low in May
Written by Sandy Williams
Global manufacturing was at a six month low in May according the latest JP Morgan Global Manufacturing PMI. The composite index inched down to 52.6 from 52.7 in April.
Developed nations showed solid steady expansion in manufacturing while growth in emerging nations was nearly flat. The PMI for the U.S. was at an 8 month low and China fell below the 50 neutral point for the first time in 11 months. The UK PMI was near the previous month’s 3-year high.
