Economy
February 2, 2018
Global PMI Hovers Near 7-Year Record
Written by Sandy Williams
The JP Morgan Global Manufacturing PMI was only slightly lower in January than December’s near seven-year record. Inching down to 54.4 from 54.5, manufacturing is off to a good start for 2018. The Global PMI is produced monthly by J.P. Morgan and IHS Markit in association with the Institute for Supply Management and the International Federation of Purchasing and Supply Management (IFPSM)
The indexes for output and employment were unchanged in January at 55.6 and 53.0, respectively. New exports and prices rose at a faster rate. New orders slipped from 55.9 to 55.4, indicating a slower pace of growth.
