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Global Manufacturing PMI ™

J.P.Morgan - IHS Markit



  Dernière mise à jour  
  2 Avr 2019  
   Global  
  Global manufacturing growth remains weak in March  
 
Résumé

At 50.6 in March, the J.P.Morgan Global Manufacturing PMI™ – a composite index1produced by J.P.Morgan and IHS Markit in association with ISM and IFPSM – was unchanged from February and signalled a further lacklustre improvement in operating conditions in the global manufacturing economy.

Growth was signalled in the consumer and investment goods sectors. The sharper rate of increase was registered in the former, despite it easing to a six-month low. Intermediate goods producers saw business conditions deteriorate for the second month running.

Due to later-than-usual release dates, Manufacturing PMI data for India and Mexico were not available to include in the March 2019 global readings.

Among the largest regions covered by the survey, PMI readings were above the neutral 50.0 mark in China, the US, Brazil and the UK. Sub-50.0 scores were registered for the euro area, Japan and South Korea.

Growth of manufacturing production remained weak in March, as new order inflows stagnated and international trade flows declined. Output and new orders contracted in both the intermediate and investment goods industries. In contrast, growth of production and new business was sustained in the consumer goods sector, albeit at slower rates of expansion than during the prior survey month.

March saw a further modest increase in global manufacturing employment, with job creation seen across the consumer, intermediate and investment goods sectors. Among the largest industrial regions, staffing levels rose in China, the US, the euro area, Japan, Brazil and the UK.

Price inflationary pressures were relatively stable in March, with output charges and input costs both rising at similar rates to the prior survey month. Increases in both price measures remained (on average) slightly sharper in developed nations compared to emerging markets.

March saw a modest improvement in business optimism. Positivity increased in both the consumer and intermediate goods sectors, but dipped to its lowest in over six years at investment goods producers. Emerging markets maintained (on average) higher confidence than developed nations.

Stocks of finished goods were unchanged in March, halting a three-month sequence of decline. Meanwhile, inventories of purchases increased for the first time in three months, despite a further contraction in input buying volumes

 

 

 
     
  Pays/Région Indice Source Lien  
  Global J.P.Morgan Global Manufacturing PMI ™ IHS Markit  
             

 




 
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Actualités et Tendances
 

Dernière mise à jour 2 Avr 2019
Business conditions deteriorate in March
   Source: Markit France Manufacturing PMI ®  -  IHS Markit
France 


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