Global manufacturing still positive despite February slip: JPMorgan index
GLOBAL manufacturing sector maintained growth in February but was 0.8 per cent down on the previous month, according to JPMorgan's Purchasing Managers Index (PMI).
The PMI dropped from 51.4 to 50.6 showing a slight increase in operating conditions in February although down from January's but it was still the strongest pace since March 2012. All readings less than 50 are a sign of contraction.
Particular growth was seen in India, Mexico and Brazil while China slowed, and Japan posted a modest decline. Indonesia and Taiwan recorded stalled output and Vietnam declined, reported the UK's Transport Intelligence.
Europe continued to show weakness with output most marked in the UK, France, Greece and Italy. Slowing growth was recorded in Ireland, the Netherlands, Russia and in Germany.
GLOBAL manufacturing sector maintained growth in February but was 0.8 per cent down on the previous month, according to JPMorgan's Purchasing Managers Index (PMI).
The PMI dropped from 51.4 to 50.6 showing a slight increase in operating conditions in February although down from January's but it was still the strongest pace since March 2012. All readings less than 50 are a sign of contraction.
Particular growth was seen in India, Mexico and Brazil while China slowed, and Japan posted a modest decline. Indonesia and Taiwan recorded stalled output and Vietnam declined, reported the UK's Transport Intelligence.
Europe continued to show weakness with output most marked in the UK, France, Greece and Italy. Slowing growth was recorded in Ireland, the Netherlands, Russia and in Germany.