JPMorgan Global PMI: Report on Manufacturing and Services - May 7, 2013
Global Economic Growth Slows at Start of Q2 2013
The Global All-Industry Output Index — produced by JPMorgan and Markit in association with ISM and IFPSM — posted 51.9 in April, to signal an expansion of economic output for the forty-fifth consecutive month. However, after falling from 53.0 in March, the index indicated that the rate of growth had slipped to its weakest since last October.
Output increased at slower rates in both the manufacturing and service sectors during April. Manufacturing production rose at the weakest pace in the year-to-date, while growth of service sector new business dipped to a ten-month low.