Global manufacturing recession continued in February
Mar 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The performance of the global manufacturing sector remained very weak in February. Although the JPMorgan Global Manufacturing PMI rose further from December's record low, at 35.8 it was still well below the critical no-change mark of 50.0. Rates of decline eased for production and new orders, but accelerated to reach a new survey record for employment.