fellow Posted October 1, 2010 Share Posted October 1, 2010 http://www.reuters.com/article/idUSLDE6901VB20101001 LONDON, Oct 1 (Reuters) - The pace of global manufacturing growth slipped in September to a 14-month low as the expansion of order books and exports eased, a survey showed on Friday. The JPMorgan Global Manufacturing PMI, which measures activity of factories across the world's major industrial centres, fell in September to 52.5 from 53.7 in August, although still above the 50 mark that divides growth from contraction. While Chinese manufacturing picked up steam, the survey identified weakening growth in the United States and euro zone. "The PMI is likely to fall further in coming months, based on the continued slide in the ratio of new orders to inventory," said David Hensley of JPMorgan. "As a result, production is likely to stop growing or even contract in the next few months on a transitory basis." The new orders index eased in September to 51.4 from 52.4 in August, while new export orders rose at the weakest pace since July 2009. A survey released earlier on Friday showed U.S. manufacturing growth slowing in September, marked by slower expansion of jobs. Quote Link to comment Share on other sites More sharing options...
fellow Posted October 1, 2010 Author Share Posted October 1, 2010 Looks like the double dip could soon be upon us Quote Link to comment Share on other sites More sharing options...
exiges Posted October 1, 2010 Share Posted October 1, 2010 Looks like the double dip could soon be upon us Lots of "easing" in that report.. must have gone to the BBC school of selective journalism Quote Link to comment Share on other sites More sharing options...
Meat Puppet Posted October 1, 2010 Share Posted October 1, 2010 More than a year into the recovereh, TMT are still treating the events of 2007-9 as some sort of cyclical downturn. As long as the mandarins can force the Chinese workers to turn out toxic products manufacturing will increase, but its reaching the stage of pointlessness. The sooner the powers-that-be stop fighting deleveraging the better. When I lived in the US and Thanksgiving rolled around I would stop eating and drinking at say 4pm and take it easy for the next few days to get back in balance. Central Banks and government would have me imbibe until I exploded. Quote Link to comment Share on other sites More sharing options...
drdoom Posted October 1, 2010 Share Posted October 1, 2010 Lets hope they start dumping their overproduction over here soon. Quote Link to comment Share on other sites More sharing options...
fellow Posted October 2, 2010 Author Share Posted October 2, 2010 Lets hope they start dumping their overproduction over here soon. Why? Most of it's crap. Quote Link to comment Share on other sites More sharing options...
fellow Posted October 2, 2010 Author Share Posted October 2, 2010 UK manufacturing activity falters UK manufacturing activity was weaker than expected in September, according to a closely watched survey, and export orders fell to their lowest level since July 2009 as recovery was getting under way. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.