Monday, September 10, 2012

Global Manufacturing Plunge Deepens: Worldwide Job Losses Continue!

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JPMorgan & Markit Global Indexes

JPMorgan Global Manufacturing PMI by Month

David Hensley, Director of Global Economics Coordination at JPMorgan, said, "The August PMIs point to a further modest acceleration in the rate of contraction of global industry, as the sector is buffeted by rising headwinds in a number of key economic regions and falling levels of international trade. The labour market is still holding up better than the activity indicators, but this could be threatened as signs of excess capacity become more visible.”"

Worldwide Job Losses Continue "August saw global manufacturing employment decline for the second successive month, following a 31-month period of sustained job creation. Marginal losses were reported in both developed and emerging nations."

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Seeking Alpha