Economy
July 1, 2016
Global Manufacturing Nearly Stagnant in June
Written by Sandy Williams
Global manufacturing was subdued in June according to a reading of 50.4 on the JPMorgan Global Manufacturing PMI. The PMI gained just 0.4 points with most of the solid improvement in the European Union. It should be noted that the data for the report was collated before the vote by the UK to exit the EU. Global manufacturing output increased to 50.5 from the “no change” reading of 50.0 in April; new orders picked up 0.3 points. New exports orders continued to fall but at a slower rate in June. Pricing for both input and outputs rose but at a weaker pace.
