Global Economic Growth Eases to Four-Month Low in February

Global economic growth moderated slightly in February, as rates of expansion in manufacturing production and services business activity both slowed.

The Global All-Industry Output Index — produced by JPMorgan and Markit in association with ISM and IFPSM — posted a four-month low of 53.0 in February, down from January's 53.2. However, the average index reading so far in Q1 2013 (53.1) is marginally above that for Q4 2012 (52.9).