| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Global Economy Last Updated: Apr 4, 2011 - 5:35 PM


Global manufacturing growth remained robust in March 2011
By Finfacts Team
Apr 4, 2011 - 2:21 AM

Email this article
 Printer friendly page
Source: Markit

The JPMorgan Global Manufacturing PMI fell to a three-month low of 55.8 in March 2011, from a near-record high of 57.4 in February.

The PMI (Purchasing Managers' Index) has now remained above the neutral 50.0 mark for 21 consecutive months.

Manufacturing production rose at a robust clip in March. Although he rate of growth eased to a four-month low, it was still above the long-run survey average and consistent with global industrial production expanding by between 5-6% saar (seasonally adjusted annual rate).

The US manufacturing recovery continued to power ahead, with the rate of expansion the fastest in over seven years. China also saw a faster expansion, but not to an extent to fully recover the momentum lost following a marked slowdown in February.

Although growth generally held up well in the other major industrial regions, rates of expansion were mostly slower than in recent months.

The Eurozone saw output rise at the slowest pace so far in the year-to-date and the UK at the least marked pace since last October. However, both saw growth remain well above their respective long-run survey averages. Rates of expansion stayed close to February highs in India and Russia. Meanwhile, the effects of the Tohoku earthquake meant that Japanese manufacturing output fell to the greatest extent since March 2009.

March saw growth of new orders also ease from the near-record highs signalled in the preceding two months. Rates of expansion moderated in the US, the Eurozone and China, while in the UK inflows of new business slowed sharply. Japan saw a marked decrease in incoming new orders.

New export orders posted a further solid gain in March, despite the rate of increase slipping to a three-month low. Growth slowed sharply in the US and also moderated in the Eurozone and the UK. Japan saw a slight reduction. China recorded a marginal increase in new exports following a decline in February.

Job creation was reported for the sixteenth month running in March, with the rate of increase remaining close to February's series record peak. Employment rose in almost all of the major industrial regions covered by the survey, the main exception being India. Rates of jobs growth were highest in the US and Germany, with the latter seeing employment rise at a survey record pace. March saw a further marked increase in average input prices, with the rate of inflation remaining close to February's two-and-a-half year peak. Input prices indices were generally higher in the developed nations, especially the US where cost inflation hit a 32-month peak. The rate of increase in input prices in emerging markets eased sharply, led by China and Taiwan.

Commenting on the survey, David Hensley, Director of Global Economics Coordination at JPMorgan, said: "Although easing from a near-record high in February, the March PMI data remained well above long-run trend and consistent with a robust increase in global IP of around 5-6% saar. This month's global PMI was considerably stronger excluding Japan, where the natural disasters sent the Japan PMI and industrial output plunging. There was little visible sign of supply-chain disruptions in the March surveys, but this effect is likely to be more visible in EM Asia in April."

The Global Report on Manufacturing is compiled by Markit based on the results of surveys covering over 7,500 purchasing executives in almost 30 countries. Together these countries account for an estimated 86% of global manufacturing output.

Related Articles
Related Articles


© Copyright 2011 by Finfacts.com

Top of Page

Global Economy
Latest Headlines
Strong Swiss franc gloom deepens for exporters
Global investors shift focus to China; EM outflows surge to $1tn in 13 months
Global oil glut will continue into 2016
Stable growth momentum in OECD area but slowing expected in China
Prices for major food commodities in July lowest since September 2009
Global manufacturing in July weakest level in two years
US, China and UK lead top 25 target countries for foreign direct investment
Budget surpluses rare in developed countries from 1980s; Italy, France, Greece had none in 60 and 40 years
Singapore, London and Shanghai top cities for new FDI projects in 2014; Dublin in 11th place
Exchange rates shuffle as Dublin ranked 49th most expensive city; Paris at 46; Berlin at 105
Western consumer groups under pressure in China and India
Developing countries facing “structural slowdown” likely to last for years
OECD BEPS Tax Project: Amazon books UK sales in UK; Australia proposes up to 100% in penalties
Emerging Markets Index falls to 12-month low in May as manufacturing contracts
US and world economies slowing in 2015 — OECD
Global manufacturing production rose slightly in May; Trade flows weak
GDP growth in OECD area slowed to 0.3% in the first quarter of 2015
Only one quarter of workers worldwide have stable employment contracts
Automatic Exchange of Tax Information: OECD says countries won't be able to game system
Gates Foundation loses in Swiss family's shares coup
Minimum wage levels in OECD countries
Brent oil benchmark over $68 a barrel - up almost 50% in 2015
Global growth slows and manufacturing dips to 21-month low
Family-controlled firms dominate European business
Top 10 of world’s 250 largest consumer products companies account for 30% of sales
Nine of world's 20 fastest growing economies in Africa
Globalisation maybe stalling as trade growth remains weak
Global growth prospects uneven across major economies says IMF
Emerging markets growth lowest since 2009; Global growth at 30-year average
China's economic rebalancing hitting Latin American economies
New York, London, HK & Singapore top global financial centres index; Dublin recovers
Global growth in modest expansion from low oil prices/ monetary easing says OECD
Composite leading indicators point to positive change in growth momentum in the Eurozone
Global labour market trends portend paradise for some but uncertainty for many workers
Vienna remains top of World Quality of Living Rankings in 2015; Dublin at 34
Zurich and Geneva overtake Singapore to become world's most expensive cities
HSBC Switzerland and Falciani: How it happened
Global economic power to continue shift from advanced economies
Global food price index falls in January; Cereal output set for record
Global debt has risen $57tn or 17% of world GDP since 2007