Global Manufacturing Engine Slowed Down To The Slowest Pace In Nine Months In August
The global Purchasing Managers Index (PMI) for the manufacturing sector, an index compiled by JP Morgan and Markit Economics in London, eased to 53.8 in August, from 54.3 in July. Readings above 50 indicate the sector is expanding
while readings below 50 denote contraction. This was the fourth straight month of easing and the slowest pace of increase in nine months, suggesting that global manufacturing engine is slowing down, in line with a softer global
demand. The slowdown was reflected in slower increases in output and new orders.
Tracking The World Economy...- 02/09/2010
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