Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

Global growth cools at start of Q3 amid survey-record price rise

10 August 2018 Chris Williamson

The following is an extract from IHS Markit's monthly PMI overview presentation. For the full report please click on the link at the bottom of the article.

Stalling exports drag global PMI to four-month low, optimism wanes

Global economic growth slowed to a four-month low in July, according to the latest PMI business surveys. At 53.7, compared to 54.2 in June, the headline JPMorgan Global Composite PMI, compiled by IHS Markit, remained indicative of global GDP rising at a solid annual rate of approximately 2.5% (at market exchange rates). However, a drop in future expectations to the lowest since November 2016 suggests the pace of expansion could wane further in coming months.

While both service sector and manufacturing growth rates weakened in July, the latter has exhibited the more significant slowdown, largely the result of a near-stagnation in global exports. Accelerating export trade flows had helped propel the global economic expansion in 2017 but, having peaked in January of this year, export growth has since all but disappeared. Only marginal export growth was seen in both June and July, the latter registering the smallest expansion for two years.

Chris Williamson, Chief Business Economist, IHS Markit
Tel: +44 207 260 2329
chris.williamson@ihsmarkit.com

© 2018, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

Download full report

Posted 10 August 2018 by Chris Williamson, Chief Business Economist, IHS Markit

Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.

Learn how to access and receive PMI data

Explore

RELATED INDUSTRIES & TOPICS

Follow Us

Filter Sort