Economy
October 2, 2018
Trade Issues Continue to Dampen Global Manufacturing
Written by Sandy Williams
The slowdown for global manufacturing continued in September, according to the latest J.P. Morgan Global Manufacturing PMI. The headline PMI fell to a 22-month low at 52.2, down from 52.6 in August. The PMI has been above the 50.0 neutral mark since March 2016, but has declined in each of the past five months.
Output and new orders were at two-year lows in September with the fall in new orders driven by a decline in global trade volumes. New export orders dropped for the sixth consecutive month in emerging markets and were close to stagnant in developed nations.
