Economy
June 4, 2020
Global Manufacturing Contracts Except in China
Written by Sandy Williams
Rates of contraction eased in the latest analysis of global manufacturing by J.P. Morgan and IHS Markit. The J.P. Morgan Global Manufacturing PMI rose to 42.4 in May from 39.6 in April, but remained well in contraction territory.
“Rates of contraction for many of the survey variables, including output, new orders, new export business, quantity of purchases and future output remained at depths unseen outside of either the current pandemic or the global financial crisis of 08/09 (albeit less marked than April),” said IHS Markit.
