Sunday, November 18, 2012

Global Manufacturing Contracts for 5th Consecutive Month, Worldwide Job Losses Resume

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JPMorgan & Markit Global Indexes

JPMorgan Global Manufacturing PMI by Month

"The downturn in the global manufacturing sector moderated in October. The JPMorgan Global Manufacturing PMI - a composite index produced by JPMorgan and Markit in association with ISM and IFPSM - rose for the second month running to reach 49.2, its highest reading during the current five-month period of contraction."

Worldwide Jobs Losses Resume "Subsequently, global manufacturing employment was reduced for the third time in the past four months. Job losses were seen across most of the Western European nations, China, Japan, Australia, South Africa and Brazil. In contrast, the US, Mexico and Canada reported higher employment"

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Seeking Alpha