News Release: October 1, 2021

Global manufacturing upturn remains constrained by supply chain disruptions and input shortages

The global manufacturing upturn was subdued by supply chain disruptions and material shortages in September. Although output growth accelerated for the first time in five months, it remained among the slowest during the current 15-month sequence of expansion. The pace of expansion in new orders also ticked higher from a recent low. Supply constraints fed through to prices, leading to marked inflation of both input costs and factory gate selling prices. The J.P. Morgan Global Manufacturing PMI™ – a composite index produced by J.P. Morgan and IHS Markit in association with ISM and IFPSM – posted 54.1 in September, unchanged from August’s six-month low. The PMI has now signaled expansion for 15 successive months.

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J.P.Morgan Global Manufacturing PMI™

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Manufacturing, Press Releases