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JPMorgan Global PMI: Global Report on Manufacturing - June 1, 2011

Global Manufacturing Sector Cools Further in May

At 52.9 in May, the JPMorgan Global Manufacturing PMI™ fell for the third month running to reach its lowest level since September 2010. Although the headline index remained above the neutral 50.0 mark for the twenty-third successive month, the rate of growth was below the average for this period.

Rates of expansion eased for manufacturing output, new orders, new export orders and employment.

A marked slowdown in the US was the main factor weighing on global manufacturing growth, with the US PMI dropping by almost seven points to a 20-month low of 53.5. Among the other major industrial regions covered by the survey, rates of improvement eased in the Eurozone (seven-month low), China (weakest since July 2010), the UK (20-month low) and India (4-month low).

JPMorgan Global PMI: Global Report on Manufacturing - June 1, 2011 - 57KB - (PDF)