Global News Of Note: Manufacturing Readings Mixed
What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:
- According to Mining.com, China’s metals imports boomed in 2021, but so did its exports. Read the analysis here.
- The J.P. Morgan Global Manufacturing Purchasing Managers’ Index (PMI), a composite index produced by J.P. Morgan and IHS Markit, posted a 15-month low of +53.2 in January, down from December’s five-month high of +54.3. The PMI has signaled growth for 19 successive months. China, Mexico, and Brazil all contracted. Japan was among the countries bucking the global trend, with its PMI rising to a 95-month high.
- The IHS Markit reading for the eurozone showed the manufacturing sector regaining some momentum at the beginning of 2022, with production, new orders, and employment all registering faster increases. Improvements on these fronts also came amid further tentative signs of supply chain issues starting to abate, as vendor performance deteriorated to the weakest extent in a year.
- Find PMI readings from other countries and regions here.