Wednesday, January 2, 2013

Global Manufacturing Rebounds, Worldwide Jobs Stabilize

♦ ♦ ♦

JPMorgan & Markit Global Indexes

JPMorgan Global Manufacturing PMI by Month

David Hensley, Director of Global Economics Coordination at JPMorgan, said: "PMI survey indices for output, new orders and employment continued to lift at the end of 2012, as the global manufacturing sector stabilises following a softer patch in the middle of the year. With the rate of inventory accumulation also remaining low, the sector should, barring any disruptions, advance further into expansion territory at the start of 2013."

Worldwide Jobs Stabilize "The Eurozone and Japan remained the main drags on global manufacturing production and employment in December. The euro area saw output contract for the tenth month running, while jobs were cut for the eleventh straight month. The downturn in Japan gathered pace, with production falling at the sharpest pace since early-2011 and payroll numbers declining for the third consecutive month. Employment rose in the US, Canada, Mexico, India, Taiwan, Turkey, Ireland and Vietnam, and was broadly unchanged in China, the UK, South Korea and Brazil."

♦ ♦ ♦

Seeking Alpha