Economy
January 2, 2020
Global Manufacturing Stalls at Year's End
Written by Sandy Williams
About half of the nations surveyed by J.P Morgan and IHS Markit ended the year with manufacturing PMIs in contraction, with conditions especially poor in the Eurozone. The J.P. Morgan Global Manufacturing PMI fell to 50.1 last month from 50.3 in November indicating business conditions remained weak at the end of 2019.
The intermediate and investment goods sectors continued to deteriorate as output and new orders weakened. The consumer goods sector bolstered the PMI with expansion in both orders and production.
