Global manufacturing July PMI data shows upturn in output gained traction as new orders recovered
Aug 4th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
At 50.0 in July, the JPMorgan Global Manufacturing PMI (Purchasing Managers' Index) data indicated that operating conditions stabilised following a sustained period of weakness. PMIs remained above 50.0 in China, India and Turkey and rose back above this level in Japan and the UK for the first time in 17 and 16 months respectively.