Indicators
Global Manufacturing Index Contracts for First Time Since 2020
- JPMorgan gauge declined to 49.8 in September from 50.3
- Orders shrank for a third month to a more than two-year low
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Global manufacturing contracted in September for the first time in more than two years as orders and production continued to weaken, underscoring growing risks of a worldwide recession.
The JPMorgan global manufacturing purchasing managers gauge fell for a fourth consecutive month, to 49.8 last month, according to data released Monday. Readings below 50 signal contraction and the latest figure is the lowest since June 2020.