At 52.3 in September, down further from June's high of 54.4, the JPMorgan Global Manufacturing PMI* posted its lowest reading for twenty-five months. The decline in the level of the headline PMI mainly reflected slower rates of expansion for output and new orders.
* Please note that, due to a later release date, September PMI data for the Chinese and Australian manufacturing sectors are not included in this month's release of the JPMorgan PMI Report on Global Manufacturing.
The rate of increase in global manufacturing production during September was the slowest since January. The Global Manufacturing Output Index registered 53.9, a level above the 50.0 no-change mark for the fifty-third successive month.