Manufacturing appeared to have bottomed out New orders in advanced economies
Global industrial production growth % 6
Quarterly
Year-on-year
PMI
58
5
56
4
54
3
52
2
50
1
48
0
2016
2017
2018
Note: RHS: The last data point is February 2020. Source: OECD Main Economic Indicators database; Markit; and OECD calculations.
Manufacturing export orders Manufacturing all orders Services orders
2019
46
2017
2018
2019 4