(04 Nov 2025, 13:16)

Economic Buzz: Global manufacturing sector shows modest expansion in Oct-25

The upturn in the global manufacturing sector continued in October, with growth of both production and new orders registered for the third successive month. The expansion was broad-based by sub-sector, with output and new work rising across the consumer, intermediate and investment goods industries. The J.P.Morgan Global Manufacturing PMI – a composite index produced by J.P.Morgan and S&P Global Market Intelligence in association with ISM and IFPSM – rose to 50.8 in October, up a pip from 50.7 in September and just shy of August's 14-month high of 50.9. Four of the PMI components (new orders, output, stocks of purchases and suppliers' delivery times) were at levels consistent with improved operating conditions in October. Staffing levels were unchanged compared to one month ago. The rate of expansion in manufacturing production remained modest in October. The Asia (excluding China and Japan) region and the US remained among the brighter growth spots.

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Economic Buzz: Global manufacturing sector shows modest expansion in Oct-25