Global manufacturing sector remained in deep recession at start of 2009; Staffing levels fell sharply in every region
Feb 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The global manufacturing sector remained in deep recession at the start of 2009. At 34.9 in January, the JP Morgan Global Manufacturing PMI (Purchasing Managers' Index) posted a reading only slightly above December's record low of 33.7 and its second-weakest in the series history. The PMI has now remained below the critical no-change mark of 50.0 for eight successive months. Staffing levels fell sharply in every region.