JPMorgan Global PMI: Report on Manufacturing and Services - January 6, 2014
Global Economy Expands at End of 2013
The global economy continued to register solid output growth during December. At 54.0, little-changed from November's 54.2, the JPMorgan Global All-Industry Output Index1,2 — which is produced by JPMorgan and Markit in association with ISM and IFPSM — remained at a level broadly in line with its long-run average.
The headline Output Index has now signaled expansion for 15 successive months. Although the average rate of growth during the final quarter of last year was slightly slower than in Q3, the expansion signaled for 2013 as a whole was faster than 2012.