Economy
July 6, 2018
Trade Issues Impact Global Manufacturing in June
Written by Sandy Williams
Global manufacturing is losing its momentum, said JP Morgan and IHS Markit in their latest Global Manufacturing PMI. The June PMI was at an 11-month low of 53.0 in June, still in expansion territory but at a gentler pace.
Production grew at its slowest pace since July 2017 and new orders were at a 19-month low. IHS Markit attributed “subdued international trade flows” to the decline in the new orders index. Exports increased modestly in developed markets, but emerging nations saw a third month of decline.
