JPMorgan Global PMI: Global Report on Manufacturing - September 4, 2012
Global Manufacturing PMI at 38-Month Low in August
The global manufacturing downturn gathered pace in August, with rates of contraction in output and new orders accelerating to the fastest since mid-2009.
At 48.1 in August, down slightly from 48.4 in July, the JPMorgan Global Manufacturing PMI™ — a composite index produced by JPMorgan and Markit in association with ISM and IFPSM — remained below the neutral 50.0 mark that separates expansion from contraction for the third consecutive month. The headline index currently stands at its lowest level since June 2009.