IJT - Global Manufacturing Growth Revives From 1.5-Year Low But Supply Shortages And Inflationary Pressures Persist

• Worldwide manufacturing growth picked up in February after being subdued to a 1.5-year low in January due to the Omicron wave.
• The JPMorgan Global Manufacturing PMI rose from a 15-month low of 53.2 in January to 53.6 in February in a sign that the global economy continued to show encouraging resilience in the face of the Omicron wave of the COVID-19 pandemic.
• By far, the greatest shortfall of production relative to new orders was seen in the US, followed by Australia, Germany, Ireland, South Korea and Taiwan.

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