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Unformatted text preview: ployment and export indices continued to increase while the new orders index and backlog of orders index showed modest contractions. The 12 growth industries reported in September included wood products, nonmetallic mineral products, machinery, miscellaneous manufacturing, transportation equipment, plastics and rubber products, printing and related support activities, chemical products, and computer and electronic products. Globally, manufacturing slowed significantly in Q3 2011, according to the JPMorgan Global Manufacturing Purchasing Managers’ Index (PMI). The report cited a lack of incoming new work, which fell for the third-consecutive month, and slowing international trade flows. Growth slackened in India and declined in Europe, Japan, and Brazil. Even though China’s official PMI indicated a moderate expansion of manufacturing activity in October, it followed three months of contraction. The sluggish global economy and uncertain demand from China’s largest export markets, the United States and Europe, may continue to affect the...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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