05262020Tue
Last updateTue, 26 May 2020 2pm

Manufacturing & The Economy

Global Manufacturing PMI Down Big in April

The J.P.Morgan Global Manufacturing PMI fell to 39.8 in April, its lowest level since March 2009. The economic disruption resulting from the outbreak of COVID-19 continued to hit global industry hard during April. Rates of contraction in output and new orders were among the steepest registered in the 22-year survey history and the worst since the global financial crisis of 2008/09. Business confidence took a severe knock, falling to a fresh record-low. The cyclically-sensitive new orders-to-inventory ratio also fell to its lowest ever level.

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