Growth of global manufacturing and new export orders accelerated in October
Nov 3rd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The rates of expansion in global manufacturing output and new orders accelerated for the first time in six months in October. At 53.7, up from September's 14-month low, the JPMorgan Global Manufacturing PMI (Purchasing Managers' Index) posted a result consistent with a solid improvement in overall operating conditions. However, the headline PMI and the indices for output and new orders remained below their respective post-recession averages.