JP Morgan Global PMI composite output index hit 10-month highs in January
|The global economy has started 2020 on a stronger footing with output rising for the third straight month to its highest since March 2019.
JP Morgan's global PMI composite output index rose to a 10-month high of 52.2 in January from December's 51.6 reading. The gains in the PMI were not just confined to the Output Index, with trends in new orders, business sentiment and employment also firming, the official report showed.
However, the report does not necessarily paint a true picture of the current conditions, as the majority of the January PMI survey data was collected before the coronavirus outbreak.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.