| JPMorgan global manufacturing PMI back to expansion in Dec |
| Last Updated(Beijing Time):2013-01-03 09:13 |
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JPMorgan global manufacturing PMI index rose to 50.2 in December from November's 49.6, the first time to exceed 50 since May 2012, supported by solid output gains in the U.S., China and Britain.
PMI 50 is taken as dividing growth from contraction. A sector's PMI index above 50 means expansion, while below 50 means contraction.
"PMI survey indices for output, new orders and employment continued to lift at the end of 2012, as the global manufacturing sector stabilizes following a softer patch in the middle of the year," said JPMorgan global economics coordination director David Hensley, who expected global manufacturing to advance further into expansion territory at the start of 2013.
Earlier data showed the U.S. manufacturing PMI rose to 50.7 in December from November's 49.5, growing at the fastest rate in seven months. |
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