JPMorgan Global PMI: Report on Manufacturing and Services - April 3, 2014
Global PMI Edges Higher as Service Sector Growth Accelerates
The global economy continued to make steady progress in March, with output rising for the eighteenth successive month. A slight acceleration in the rate of expansion kept the average for the opening quarter as a whole broadly in line with those posted in the latter two quarters of 2013.
The JPMorgan Global All-Industry Output Index1,2 — which is produced by JPMorgan and Markit in association with ISM and IFPSM — rose to 53.5 in March, up from February's four-month low of 53.1.