Economy
August 4, 2015
Lackluster Global PMI in July
Written by Sandy Williams
Global manufacturing was relatively flat in July. Increases in the Eurozone, North America and Japan could not offset contractions in Greece and Asia. The JP Morgan Global Manufacturing PMI registered 51.0, unchanged from June and continuing its weakest reading in two years.
Overall manufacturing output remained in the positive, above 50, range for the thirty-second consecutive month, with the strongest rate of growth seen in the Czech Republic, Netherlands, Italy and Poland. New orders continued to grow but at a slower pace as export business dropped off in China, German, France, the UK, Taiwan, South Korea, Turkey, Indonesia, Vietnam, Russia and Brazil.
