08242019Sat
Last updateThu, 22 Aug 2019 5pm

Manufacturing & The Economy

Global Manufacturing Off to Weak Start in Third Quarter

The downturn in the global manufacturing sector extended into its third consecutive month in July. Production and new order intakes declined further, as conditions in many domestic markets remained soft and international trade volumes continued to contract. These negative trends filtered through to the labor market, resulting in another round of job losses. At 49.3 in July, a tick below June’s reading of 49.4, the J.P. Morgan Global Manufacturing PMI signaled contraction for the third straight month and fell to its lowest level since October 2012.

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