Global Manufacturing PMI Slips Further Into Contraction Territory As New Orders Decline Solidly

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  • The global manufacturing PMI survey's Output Index signalled a third successive monthly drop in worldwide factory production in October.
  • Of the 31 economies for which S&P Global PMI data are available for October, some 21 reported falling production, which was also the case in September.
  • The weak demand picture was underpinned by deteriorating global trade conditions at the start of the fourth quarter.

Female Steel Factory Worker at work

Lim Weixiang - Zeitgeist Photos

Global business conditions worsened once again in the manufacturing sector in October, with the JPMorgan Global Manufacturing Purchasing Managers' Index™ (PMI™),compiled by S&P Global, dropping further below the neutral level of 50.0. The headline index

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