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The following is an extract from IHS Markit's latest Monthly
Bulletin. For the full report, please click on the 'Download Full
Report' link.
The global economy expanded at a solid rate again in July,
according to the JPMorgan Global PMI™ (compiled by IHS Markit). The
rate of expansion, however, slowed further from the 15-year
high seen in May.
Both manufacturing and service sectors saw growth moderating in
July. Services continued to hold the lead as
global COVID-19 restrictions eased on average to the lowest since
the pandemic began in July.
Manufacturing output meanwhile sustained in expansion at an
above-average rate in July, but saw a host of supply-side
constraints, such as input shortages, which were only
further aggravated by the spread of the Delta variant, particularly
across the APAC region.
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.
