JPMorgan Global PMI: Global Report on Manufacturing - August 1, 2013
Global Manufacturing Growth Remains Lacklustre in July
The global manufacturing sector made a subdued start to the third quarter. At 50.8 in July, the JPMorgan Global Manufacturing PMI™ — a composite index* produced by JPMorgan and Markit in association with ISM and IFPSM — remained only slightly above the no-change mark of 50.0.
Rates of expansion in production and new orders were broadly unchanged from the modest levels signaled during the second quarter of the year. July nonetheless saw output and new orders rise for the ninth and seventh successive months respectively.