Growth of global food production hits new post-crisis high

Sector PMI™ data from Markit signalled a further marked rise in global food production in March. The sector remained at the top of the global rankings for a second successive month, with the rate of growth reaching a record high. Furthermore, growth of new orders also hit the highest since the series began in late-2009. The record rise in food production occurred despite the sector seeing only a marginal gain in employment, suggesting that producers continued to achieve impressive productivity gains.