The performance of the global manufacturing sector showed a further incremental improvement at the start of 2020. Rates of expansion in output and new orders accelerated but remained consistent with only modest increases in both cases. The trends in employment and international trade volumes also moved closer to stabilizing.
The J.P. Morgan Global Manufacturing PMI rose to a nine-month high of 50.4 in January, a reading only slightly above the stagnation mark of 50.0. The PMI posted 50.1 in December.