Wahyu Dwi Anggoro
IDXChannel - The global manufacturing sector fell into contraction at the end of 2024, according to the latest purchasing managers' index (PMI) data.
The JPMorgan Global Manufacturing PMI – a composite index produced by J.P.Morgan and S&P Global Market Intelligence in association with ISM and IFPSM – posted 49.6
in December 2024, down from 50.0 in November 2024.
"Although the rate of deterioration signalled by the latest figure was only modest, this was the fifth decline during the past six months," the report said, Monday (2/1/2024).
Four out of five PMI components (output, new orders, employment and stocks of purchases) were at levels consistent with a deterioration in overall operating conditions.
Manufacturing production fell slightly in December. The rate of decline was only modest and, when taken together with the marginal gains seen in the previous two months, suggested output broadly stagnated over the final quarter as a whole.
