Charts of the Week
Global Manufacturing Indexes August 2016
Chart of the Week for September 9, 2016 - September 15, 2016
The chart above shows the August 2016 Manufacturing Purchasing Managers Indexes for the U.S., the Eurozone, China, Japan, and a Global Index compiled by JP Morgan ("the indexes"). The indexes are constructed from monthly surveys of industrial companies in each country or geographic area, and cover areas such as new orders, inventories, supplier deliveries, and employment, and are published by Markit. An index value above 50 indicates manufacturing is generally expanding, while a value below 50 indicates manufacturing is generally contracting.
The indexes for August were generally positive, with four index values being at or near an expansion level. Japan's index for August was at 49.5 which indicates contraction, but was the highest since February 2016. The Eurozone index report for August was expansionary, but represented a three-month low. For the U.S., the August index value was down slightly from July due to softer rates of new orders and employment growth. However, U.S. manufacturers indicated increased production volumes in August and reported some evidence that improving economic conditions have led to increased production schedules.
Posted by: sarah_oz@yahoo.com
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