jueves, 1 de julio de 2010

Global manufacturing is slowing for orders decline: PMI


LONDON (Reuters) - Global manufacturing growth slowed in June after a sharp drop in new orders, a survey showed on Thursday.

The overall PMI index for the manufacturing sector, prepared by JPMorgan with research organizations and management of supply, fell to 55.0 in June from 57.0 points reached in May, but still above the 50 mark points separates growth from contraction.

"The June PMI data gives more signs that growth in the global manufacturing sector is cooling from the high levels we saw earlier this year," said David Hensley at JPMorgan.

"However, although rates of expansion in production, new orders and employment fell during the month, growth remains solid overall level and exceeds the long-term trend," he added.

The new orders index fell to 55.5 in June from 58.9 in May, a new 11-month low, after the national PMI rates in the U.S., the Eurozone, Asia and Britain, pointed to a slowdown in orders.

Global manufacturing output grew but at its weakest pace since last November, JPMorgan said after the rate for this segment fell to 57.3 from 59.3.

Although employment continued to climb in all industrialized economies covered by the survey, the rate of progress slowed in June.

PMI surveys released on Thursday showed that manufacturing growth in China hit its lowest level in over a year, while a separate report for major Japanese manufacturers showed fear in the sector about the prospects for the future.

The index combines data from countries such as USA, Japan, Germany, France, the United Kingdom, China and Russia.

(Reporting by Andy Bruce)

0 comentarios:

Publicar un comentario

 

My Blog List

Hello