Economy
July 31, 2019
Global Manufacturing Off to a Weak Start in Q3
Written by Sandy Williams
Manufacturing conditions continued to deteriorate around the globe in July as trade disputes and tension took a toll on national economies. The J.P. Morgan Global Manufacturing PMI registered 49.3 in July, slipping slightly from 49.4 in June and remaining in contraction for a third month.
Nineteen of 30 nations surveyed in July signaled downturns, said J.P. Morgan and IHS Markit. China, Japan, South Korea, Taiwan, the EU, the UK, and Brazil were among those with PMIs in contraction. The U.S. and Canada were spared only slightly with respective PMI levels of 50.4 and 50.2.
