Global economy on course for best quarter of year

The global economy is enjoying its strongest quarter so far this year, according to PMI survey data, though cost inflationary pressures have also intensified to a near- three year high (Source IHS Markit news, Dec  5th 2016)

According to JPMorgan Global PMI, compiled by Markit from its various national surveys, held steady in November, unchanged on October’s 11-month high of 53.3. The improvement means that the PMI signals annual global GDP growth (at market prices) accelerating towards 2.5% in the fourth quarter, breaking through the 2% barrier for the first time this year.

Robust growth was recorded in both manufacturing and services, suggesting a broad-based improvement in the global economy by sector . However, the developed world continued to outpace the emerging markets, continuing the trend that has been seen almost continually over the past three years.

While business activity growth in the developed world accelerated to a 12-month high, the pace slowed in the emerging markets. The latter are nevertheless on course for the strongest quarterly performance just over two years and would have seen stronger growth had business activity in India not been disrupted by the withdrawal of high value bank notes.

See the complete arrticle in IHS Markit News at JPMorgan Global PMI, compiled by Markit
06.12.2016

25000+

Procurement and Supply Chain Specialists, registered as active candidates with us

2500+

Permanent and Interim Procurement Professionals placed through us

15000

Beaumont Select Followers on LinkedIn

Client Testimonials

Supportive Staff Head of IT Procurement - Financial Services PLC
“I am impressed with all the staff I have spoken to even if just taking a message dealing with an invoice – very courteous to the ...

Candidate Testimonials

Exceptional Service Senior Indirect Procurement Manager
About our Consultants... “I am one of the candidates for a position of Senior Indirect Procurement Manager - Rome. “I am one of th...
Proactive Approach IT Procurement Consultant - successfully placed with a Global Retail Group
A successful placement with a Global Retail Group... "A proactive approach to candidates. The best agency I dealt with for effort ...
Communication with Candidates Category Manager - successfully placed with a Major Name Travel Company.
Communication.... "Communication with candidates was very good. Staff came over as helpful and knowledgeable."