Global Manufacturing Slump Continues at End of 2022 as Output and New Orders Fall Further – Mish Talk

Please consider the final J.P.Morgan Global Manufacturing PMI™ for 2022.

Key Findings 

• Output falls across US, China, euro area and Japan
• Job losses registered for second successive month
• International trade volumes fall

The J.P.Morgan Global Manufacturing PMI™ – a composite index produced by J.P.Morgan and S&P Global in association with ISM and IFPSM – fell to a 30-month low of 48.6 in December and remained below the neutral mark of 50.0 for the fourth straight month. Excluding the lows registered during the early months of the global pandemic, the current PMI reading is the lowest since the first half of 2009.