U.S business activity growth eased in August, amid a slower rise in service sector output. The Flash U.S PMI slippe… https://t.co/YUgL9CB6fy
Monthly Global Review July 2018
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.
Global PMI hits four-month high but future expectations slip lower
Global economic growth accelerated for a third successive month in June, according to the latest PMI business surveys. At 54.2 in June, the headline JPMorgan Global Composite PMI, compiled by IHS Markit, rose to a four-month high, suggesting at least some of the slowdown in business activity seen earlier in the year had been temporary. The survey data are consistent with global GDP rising at an annual rate of just over 2.5% (at market exchange rates) in Q2.
However, an improvement in the rate of service sector expansion was countered by a slowdown in manufacturing, as the goods-producing sector reported weakened order book and trade growth. The June surveys registered the smallest rise in global trade for almost two years. Future expectations meanwhile fell, in part attributable to growing trade war fears. The outlook among manufacturers was the least optimistic for 19 months.
Chris Williamson, Chief Business Economist, IHS
Tel: +44 207 260 2329
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.
© 2018, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
- IHS Markit European GDP Nowcasts
- Flash Japan PMI shows economy lifted by stronger services growth in August
- Malaise in Germany helps drive Czech manufacturing downturn
- Zambian economy continues to struggle at start of third quarter
- Week Ahead Economic Preview: Week of 19 August 2019
- IHS Markit European GDP Nowcasts Update 15th August 2019: Nowcasts suggest economic weakness has stretched into third quarter
- UK economy slides into decline in second quarter
- PMI survey comments show mounting global pessimism
Eurozone growth remained muted in August amid ongoing manufacturing struggles. Flash PMI registered 51.8 (51.5 - Ju… https://t.co/IgJmXXar7t
🇩🇪 Flash PMI numbers for Germany suggest weakness has persisted into Q3. Headline index recorded 51.4 (50.9 - July)… https://t.co/TwhhdaHaYL