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November PMI data shows global manufacturing holding steady – JP Morgan

The global manufacturing sector steadied in November following four months of contraction, according to the latest J.P. Morgan Global Manufacturing PMI. 

Global manufacturing downturn in October marks longest deterioration sequence since 2002 – JP Morgan

The global manufacturing industry continued to see contractionary conditions in October as output declined for the fifth consecutive month dragged by further deterioration in new orders. 

Global Manufacturing PMI’s decline eases in January— JP Morgan

Global manufacturing output and new orders have shown slower contraction in the first month of 2023, resulting in a 49.1 PMI score in January, up from December’s 48.7 rating. 
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Building resilience as manufacturing requirements become more complex

The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.