Global Manufacturing Showed Signs of Recovery in February, as Growth of Production and New Orders Accelerated From Recent Lows.

February data indicated that growth of the global manufacturing sector recovered from the sluggish trend seen at the start of 2007. The JPMorgan Global Manufacturing PMI rose from January's one-and-a-half year low of 52.4, to record a four-month peak of 53.7. The PMI was led higher by stronger trends in production, new orders and employment. Improved growth of international trade volumes also contributed to the latest expansion.