Economic Buzz: Global manufacturing PMI expands at fastest pace since Jun-24

Global manufacturing operating conditions improved to the greatest extent since June 2024 in August, as levels of output, new orders and employment all returned to growth. The J.P.Morgan Global Manufacturing PMI ? a composite index produced by J.P.Morgan and S&P Global Market Intelligence in association with ISM and IFPSM ? rose to 50.9 in August, from 49.7 in July, to signal a slight improvement in operating conditions. Production increased for the second time in the past three months in August, with the rate of expansion accelerating to a 14-month high. The consumer, intermediate and investment goods sectors all returned to growth, with solid increases seen in the consumer and investment goods categories (growth was milder, in comparison, at intermediate goods producers). Only five of the 32 nations for which manufacturing PMI data were available reported lower Output Index readings in August.

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