Economy
June 1, 2021
Global Manufacturing's Accelerating, But Overshadowed by Supply Issues
Written by Sandy Williams
Good news on the global manufacturing front in May: The J.P. Morgan Global Manufacturing PMI showed production accelerating at one of the fastest rates in a decade and new order growth was at an 11-year high.
The PMI, produced by J.P Morgan and IHS Markit, rose to 56.0 in May. Only six of the 20 nations in the survey showed contraction during the month, including Mexico. Most nations reported better business conditions with employment levels rising for the seventh consecutive month. Employment gains were led by the EU and United Kingdom, achieving near or record paces.
