Worldwide growth picked up in November, led by the fastest manufacturing expansion seen so far this year. Key sectors such as autos and machinery equipment makers showed promising signs of return to growth, while service sector growth also perked up. However, the overall worldwide pace of expansion remained one of the weakest seen in recent years, largely due to a sustained fall in global trade, with especially subdued trends recorded in developed world markets.
Global PMI at four-month high
At 51.5 in November, the JPMorgan Global PMI (compiled by IHS Markit) rose to