Global Manufacturing Activities Continued To Ease, Pointing To A Slower Global Growth In 2H 2010
The global Purchasing Managers Index (PMI) for the manufacturing sector, an index compiled by JP Morgan and Markit Economics in London, moderated to 54.3 in July, from 55.0 in June and a high of 57.8 in April. Readings above 50 indicate the sector is expanding while readings below 50 denote contraction. This was the third straight month of easing, suggesting that global manufacturing activities continued to expand, albeit at a more moderate pace. The slowdown was reflected in slower growth in output and new orders. Manufacturers, however, recruited more workers during the month. This suggests that the sector, though moderating, will likely be resilient in the months ahead. Meanwhile, input prices eased for the third consecutive month in July, pointing to easing price pressure.
Tracking The World Economy... - 03/08/2010
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