Mumbai, April 2 -- The global manufacturing sector ended the opening quarter of the year on a lacklustre footing. At 50.3 in March, the
J.P.Morgan Global Manufacturing PMI(R) - a composite index produced by J.P.Morgan and S&P Global Market Intelligence in association with ISM and IFPSM - was down from 50.6 in February and signalled only a slight improvement in overall operating conditions for the third month in a row.
Four of the PMI sub-components had either a negative or less positive impact on its level. Along with slower growth
of production and new orders, employment and stocks of
purchases fell marginally. Supplier delivery times provided a slightly stronger positive contribution. Global manufacturing output increased for the thir...