Monday, February 11, 2013

Global Economy Expands, Worldwide Employment Increases

♦ ♦ ♦

JPMorgan & Markit Global Indexes

Global All-Industry Output Index by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction



David Hensley, Director of Global Economics Coordination at JPMorgan, said: ""The global economy made a solid start to 2013, with both the manufacturing and service sectors seeing output rise. Output is being supported by the pillars of rising new business inflows, work on pipeline contracts and rising employment. This should help sustain the expansion during the opening quarter, even if growth remains below trend initially."

Global All-Industry, Manufacturing, Services PMI Indexes by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction



Worldwide Employment Increases "The US saw the most substantial increase in payroll numbers of the nations covered by the surveys, with the rate of expansion in workforce levels in the US hitting a near seven-and-a-half year peak. Employment also continued to rise in China, India, Brazil and Ireland. There was a return to jobs growth in the UK, while Japanese payroll numbers showed little change over the month. In contrast, the Eurozone saw further job losses, with reductions reported in each of the big-four euro area nations."

♦ ♦ ♦

Seeking Alpha