Economy
July 2, 2015
Global Manufacturing Growth Slows in June
Written by Sandy Williams
Global manufacturing in June slowed close to a two-year low according to the JP Morgan Global Manufacturing PMI. The Index posted at 51.0 from 51.3 in May, but manufacturing output remained in expansion (above the neutral 50 point) for the 31st consecutive month.
Manufacturing growth, on average, continued to grow in North America and Europe but production weakened in Asia. International trade picked up after stagnating briefly in May, with increases in the Eurozone, China, Japan, India, Mexico and eastern Europe. New exports fell in the US, the UK, Russia, Taiwan, South Korea, Turkey, Indonesia, Vietnam and Brazil.
