Global manufacturing PMI rose above neutral 50.0 level in August for first time since May 2008
Sep 2nd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The rebound of the global manufacturing sector continued to gain traction in August. At 53.1, up from 50.0 in July, the JPMorgan Global Manufacturing PMI (Purchasing Managers' Index) posted it highest reading for twenty six months and rose above the neutral 50.0 level for the first time since May 2008.