JPMorgan Global PMI: Report on Manufacturing and Services - January 4, 2013
Global Economic Growth at Nine-Month High in December
Global private sector output expanded at the fastest pace for nine months in December, rounding off the strongest quarter since Q1 2012. Trends in new orders and employment also improved, but there were further signs of companies supporting output levels by working through backlogs of work.
At 53.7 in December, up slightly from 53.6 in November, the Global All-Industry Output Index — produced by JPMorgan and Markit in association with ISM and IFPSM — signaled expansion for the forty-first successive month. The rate of increase was broadly in line with the average for this period.