Thursday, March 7, 2013

Global Economy Expands, Worldwide Job Creation

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JPMorgan & Markit Global Indexes

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



David Hensley, Director of Global Economics Coordination at JPMorgan, said: "The global economy continued to expand in February. Although the rate of expansion eased to a four-month low, the loss of momentum was only slight and improving inflows of new business raise the chances of a near-term re-acceleration.  Economic growth is also supporting further job creation, which will hopefully provide a helpful spur to demand."

Global Manufacturing PMI by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction



Global Services PMI by Month
PMI > 50.0 is expansion, PMI < 50.0 is contraction



Worldwide Employment Increases "February data signalled an increase in global all-industry employment for the fifth month running, with the rate of jobs growth unchanged from January's 20-month peak. Service sector staffing levels continued to rise at a solid clip, whereas the rate of expansion in manufacturing payroll numbers remained negligible."

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