Economy
August 1, 2018
Trade Tension Slows Global Manufacturing in July
Written by Sandy Williams
The rate of expansion for global manufacturing slowed in July, according the J.P. Morgan Global Manufacturing PMI. The index reached its lowest reading in a year at 52.7, down from 53.0 in June.
“The manufacturing upturn has lost sizeable momentum since the start of the year. However, with final demand growth having firmed in recent months and signs that an inventory drag is nearing an end, we think output gains will strengthen in coming months,” said David Hensley, Director of Global Economic Coordination at J.P.Morgan.
