Economy
January 3, 2018
Global PMI Ends 2017 Near 7-Year High
Written by Sandy Williams
The J.P. Morgan Global Manufacturing PMI ended 2017 near a seven-year high as economies improved and new orders and output expanded. The PMI, produced by J.P. Morgan and IHS Markit, rose to 54.5 in December from 54.1 in November, expanding for the 22nd month.
Intermediate goods saw the greatest rate of growth in December followed by investment goods, each at 82-month highs. Consumer goods growth was at a four-month high. Developed nations outpaced emerging markets with the Eurozone outperforming other regions. PMI expanded for most nations, although IHS Markit noted slower growth in the United Kingdom.
