LONDON, March 3 Global manufacturing growth
accelerated at the fastest pace in nearly three years last month
as the developed world outshone emerging markets, a business
survey showed on Monday.
JPMorgan's Global Manufacturing Purchasing Managers' Index
(PMI) rose to 53.3 in February from 53.0, above the 50 mark that
indicates growth for the 15th month.
The U.S. PMI shot up, the euro zone's remained strong, and
upturns in Japan and Britain remained robust.
In contrast, PMIs for China, South Korea and Russia signaled
contraction, while rates of growth in India, Brazil, Vietnam and
Indonesia were all below the global average.
"Excluding the U.S., the global PMI is trending lower. The
March reading should give a clearer signal of underlying
momentum," said David Hensley, a director at JPMorgan.
New orders picked up at the fastest pace in three years,
suggesting the March PMI could be higher.