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JPMorgan Global PMI: Global Report on Manufacturing - September 1, 2009

Global PMI Rose Above 50.0 for First Time since May 2008

The rebound of the global manufacturing sector continued to gain traction in August. At 53.1, up from 50.0 in July, the JPMorgan Global Manufacturing PMI posted it highest reading for twenty-six months and rose above the neutral 50.0 mark for the first time since May 2008.

Production increased for the third month running in August and at the fastest pace for forty months. The expansion was broad-based by nation, with gains especially marked in the US (growth at a near four-year high), Japan (three-and-a-half year high), and emerging Asian economies. The rate of expansion in China hit a 22-month peak, but in India eased to the weakest in the current period of recovery.

JPMorgan Global PMI: Global Report on Manufacturing - September 1, 2009 - 49KB - (PDF)