Last updateFri, 22 May 2020 4pm

Manufacturing & The Economy

Global Manufacturing PMI Lowest Since October 2012

The performance of the global manufacturing sector continued to weaken at the end of the second quarter. Production fell for the first time since October 2012, as new order contracted at the fastest pace for almost seven years.

Business optimism slumped to a series-record low. At 49.4 in June, the J.P. Morgan Global Manufacturing PMI –a composite index produced by J.P. Morgan and IHS Markit in association with ISM and IFPSM –fell to its lowest level for over six-and-a-half years and posted back-to-back sub-50.0 readings for the first time since the second half of 2012.

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