Purchasing Managers Index up slightly in May

The global manufacturing sector saw a marginal expansion of production and new business during May according to the JP Morgan Global Manufacturing PMI (Purchasing Managers Index).


JP Morgan Global Manufacturing PMI manufacturing production Purchasing Managers Index


The global manufacturing sector saw a marginal expansion of production and new business during May according to the JP Morgan Global Manufacturing PMI (Purchasing Managers Index). The index registered 50.6 in May, compared with 50.4 in April with the gradual pace of expansion indicating at least some marginal growth in the manufacturing sector. It also marks the seventh successive month of expansion. 

Among the largest economies covered by the survey, output rose in the US, China, Japan, Germany, the UK, South Korea and Brazil. Demand continued to weaken in the Eurozone, extending the current period of decline to two years, but signficantly accordingto JP Morgan, the rate of contraction at euro area manufacturers eased sharply. Manufacturers in Asia showed further signs of slowdown, as levels of new business received in China, Taiwan and Vietnam all fell back into contraction and India registered only a slight increase.