Economy
December 3, 2020
Global Manufacturing PMI Hits a 33-Month High in November
Written by Sandy Williams
Global manufacturing had its best month of the year in November, expanding for the fifth consecutive month. The J.P. Morgan Global Manufacturing PMI posted a 33-month high of 53.7 with growth in all three industry sectors: consumer, intermediate and investment.
Nineteen of 30 territories reported expansion last month, led by higher output in China and the U.S. New business rose at it fastest rate since January 2018 for both domestic and export demand. Manufacturing employment levels rose for the first time in 12 months, although only marginally.
