Data published in the JPMorgan Global Manufacturing Purchasing Managers Index shows that conditions in the global manufacturing sector improved for the first time in four months in December, and now stands at 50.8, up from 49.7 in November.
Last month saw manufacturing output increase for the first time in five months, with global manufacturing employment increasing for the 25th consecutive month in December, as well as the pace of jobs growth being the quickest since July.
David Hensley, director of Global Economics Coordination at JPMorgan, commented: "December saw output and new orders recover some of the ground lost in prior months, and jobs growth pick up to a five-month high."
Meanwhile, it appears that companies across the UK remain confident that their situation will improve over the coming months and business will continue to blossom, according to a recent report from KPMG.
The analyst predicts that some manufacturers are expecting activity to rise over the coming year, with more than a third of companies anticipating an increase in new orders over the next 12 months.
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Posted by Nikki Barrister
Source: The Sales Engineer News