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Global Manufacturing Index Shows U.S. at 80-Month High Feb 15, 2011 |
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The global manufacturing sector, as measured by the JPMorgan Global Manufacturing PMI, reached 57.2 in January 2011, up from the upwardly revised 55.6 for December 2010.
The pre-revision index for December had already marked a 6-month high. The January index marks a nine-month high. The report noted that the PMI has now been above the 50.0 no-change mark, signaling expansion, for 19 months. Growth of production and new orders continued to accelerate, leading to survey record job creation.
The U.S. PMI rose to an 80-month high in January, while its counterpart in the Eurozone hit a nine-month peak. The UK PMI rose to its highest level since (UK) data was first collected in 1992.
China and India PMIs were slightly higher than December's three-month lows. A slight expansion was indicated in Japan for the first time since last August.