Subscriber Login

MDM Premium Content  What's this?
Close
Subscribe today to access MDM's premium content with two issues a month of timely and to-the-point content for the busy wholesale distribution executive. Here's what you get:
  • Analysis of distribution trends
  • Interviews with industry leaders
  • Quarterly Public Distributor Report
  • Quarterly Inflation by Commodity Group Report
  • Market and economic data analysis
  • Access to the best online research tool in distribution

And much more! Learn more

login close
Forgot Your Password?
Home » JP Morgan Global Index Rises in September
global economy

JP Morgan Global Index Rises in September

By    MDM   Staff 
October 6, 2009
More about:  Asia,  Economy,  Europe,  Latin America,  South America
Global business activity index at highest reading since December 2007.
Text Size
Email Print ShareShare/Bookmark

The JPMorgan Global All-Industry Business Activity Index increased to 52.9 in September, up from 52.0 in August, its highest reading since December 2007. The headline index has posted above the neutral 50 mark in each of the past two months. The average reading for the third quarter 2009 was 51.1, well above that for the second quarter.
 
According to the report, available on the Institute for Supply Management's Web site, the manufacturing sector continued to report faster growth of output than services in September. Manufacturing production rose for the fourth month in a row. Although the rate of expansion was less robust than the previous month's high, it was still above the long-run survey average.
 
The rebound in global services activity gathered pace in September, with the sector posting back-to-back increases. The rate of growth was muted compared to that in the manufacturing sector – as highlighted by a near 3.5 point differential between the respective output indexes – but was nonetheless the fastest for 21 months.
 
Supporting the latest expansion of global economic activity was a second successive monthly gain in incoming new work. The Global All-Industry New Orders Index registered 52.6, up from 51.1 in August. Manufacturing new orders rose for the third month running and to a much greater extent than seen at service providers. Service sector new business rose slightly for the first time in 16 months, with the rate of expansion the steepest since December 2007.
 
The downturn in the labor market continued in September, as job losses were reported for the seventeenth successive month. At 46.0, down slightly from 46.1 in August, the Global All-Industry Employment Index signaled a further solid decrease in staffing levels. However, the rate of reduction was substantially slower than that seen during the first half of the year.
 
Services providers cut employment at a moderately faster pace than in August and to a greater extent than manufacturers. Manufacturing employment fell for the eighteenth month running, but at the weakest pace since August last year. The Global All-Industry Input Prices Index posted 50.2 in September, down sharply from 55.9 in August, but above the 50.0 no-change mark for the second month in a row. Purchase prices rose in manufacturing, while costs declined at service providers.
 

Print Email ShareShare/Bookmark
Use the form below to leave a comment
captcha

Please enter the text you see above:

Not sure? Give me another.

  • MDM Podcast

Think About It:
'I Don't Know':
A Great Answer

Finding yourself frequently acknowledging, I don't know, is a signal that you have become a superior sales rep.

Listen now.

Learn more or subscribe to the Think About It podcast.

  • From Adam J. Fein, Ph.D.

Benchmark with Wholesale Distribution Economic Reports

Click on the video below to hear how to use this data for better business planning.

adam-video

  • MDM Store

The Answer Book for
Growth-Minded CFOs and
Controllers

answer book for CFOs and Controllers

Now Available: An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges. Go to the MDM Store.
Job Board
Title Company Location
Midwestern Field Sales Territory Manager DeVilling & Associates Midwest, US
Senior Account Manager and National Account Manager Precision Dallas, TX
VP Sales & Marketing Confidential Southeastern, PA
Branch Manager Graybar Electric Company Garden City, NY
International Sales Manager Industrial Lubricants Manufacturer United States
National Sales Manager Steiner Industries United States
View ALL Wholesale Distribution Job Listings Post Your Job Listing


MDM Calendar

Technology Case Study

October 7, 2010

2011 Economic Forecast

November 18, 2010

Featured Products

answer book for CFOs and Controllers

Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers

Reviews (0)
 
Price: $249.00
An ultra practical idea-guide that gives an inside look at how leading companies are dealing with some of today's toughest financial and business management challenges.
HR Strategic Answer Book

The HR Professional's Strategic Answer Book

Reviews (0)
 
Price: $249.00
This book takes the questions HR professionals were asking and provides real-world answers gathered from the best thinkers in the business, including working professionals, consultants and legal experts.
industrial-single

2010 Wholesale Distribution Economic Reports: Industrial Distributors - Single-User License

Reviews (0)
 
Price: $119.00

This report includes: Revenue and employment growth trends, the number and size distribution of companies, gross margin, wages, other operating statistics and expert commentary to help you interpret the sector data in light of current macroeconomic trends





Sponsored Links