09272020Sun
Last updateWed, 23 Sep 2020 9pm

Manufacturing & The Economy

Global Manufacturing Expands for First Time Since January

The global manufacturing sector moved back into expansion territory in July, as output and new orders started to revive following the slump caused by the COVID-19 outbreak. Business sentiment also started to recover, hitting a five-month high, but the labor market downturn continued with job losses registered for the eighth straight month.

The J.P.Morgan Global Manufacturing PMI rose to a six-month high of 50.3 in July, up from 47.9 in June and back above the neutral 50.0 mark for the first time since January. Of the 27 nations for which July data were available, 13 had PMI readings above the neutral 50.0 mark.

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