Economy
April 2, 2020
Pandemic Expands Global Downturn for Manufacturing
Written by Sandy Williams
Global manufacturing continued its downturn in March exacerbated by the COVID-19 pandemic. The J.P. Morgan Manufacturing PMI rose to 47.6 from 47.1 in February due to a stabilization of business conditions in China.
China’s PMI jumped from 40.3 in February to 50.1 in March as manufacturing activity returned to more normal conditions after new coronavirus cases began to subside. Excluding China, the global PMI was 46.6 in March, the lowest level since May 2009.
