Economy
July 1, 2014
Global PMI Up 0.6 Points
Written by Sandy Williams
The JP Morgan Global Manufacturing PMI rose moderately to 52.7 in June from 52.1 in May, an expansion of the manufacturing sector for the 19th month. Production increased at the fastest rate since February due to a flow of new orders. International trade volumes were subdued in June reported JP Morgan and Markit. The June increase was not sufficient to fully recoup lost momentum from earlier in the quarter, according to the report.
The US and UK both showed strong expansion while the Eurozone showed signs of losing momentum. Cost inflation was at a five-month high. Costs increased in North America, Asia, Brazil and the Eurozone.
