Global Manufacturing PMI at five-year low in July as weaker demand and high cost inflation pushed new orders and production lower
Aug 5th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global manufacturers faced a stagflationary combination of weaker demand, falling output and rising cost inflation in July. At 49.0, the JPMorgan Global Manufacturing PMI (Purchasing Managers' Index) signalled that operating conditions had deteriorated for the second successive month and to the greatest extent in over five years.