Economy
April 3, 2018
Global Manufacturing Weakens in March
Written by Sandy Williams
Global manufacturing growth in March slowed to its lowest level since October 2017. The J.P. Morgan Global Manufacturing PMI posted 53.4, down from 54.1 in February. Rates of expansion fell in the consumer and intermediate goods sectors, while the investment goods PMI rose to its highest level so far this year.
Manufacturing growth eased in the Eurozone, China, Japan, India, and Australia, but improved in the United States, United Kingdom, Brazil and Russia. Supply chain disruptions led to shortages of some inputs and longer vendor lead times. New export orders grew at their weakest rate in 15 months.
