Global Manufacturing PMI at near-record high in February
Mar 2nd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global Manufacturing PMI at near-record high in February. The JPMorgan Global Manufacturing PMI (Purchasing Managers' Index) rose to 57.8, its joint second-highest ever reading, bettered only by May 2004's level of 57.9. Growth of output and new orders accelerated, leading to faster job creation. Inflationary pressures continued to build, however, as input prices rose at the quickest pace in two-and-a-half years.