Global Growth Cools At Start Of Q3 Amid Survey-Record Price Rise
IHS Markit | Aug 13, 2018 06:05
The following is an extract from IHS Markit's monthly PMI overview presentation. For the full report please click on the link at the bottom of the article.
Stalling exports drag global PMI to four-month low, optimism wanes
Global economic growth slowed to a four-month low in July, according to the latest PMI business surveys. At 53.7, compared to 54.2 in June, the headline JPMorgan (NYSE:JPM) Global Composite PMI, compiled by IHS Markit, remained indicative of global GDP rising at a solid annual rate of approximately 2.5% (at market exchange rates). However, a drop in future expectations to the lowest since November 2016 suggests the pace of expansion could wane further in coming months.
While both service sector and manufacturing growth rates weakened in July, the latter has exhibited the more significant slowdown, largely the result of a near-stagnation in global exports. Accelerating export trade flows had helped propel the global economic expansion in 2017 but, having peaked in January of this year, export growth has since all but disappeared. Only marginal export growth was seen in both June and July, the latter registering the smallest expansion for two years.
"Disclaimer: The intellectual property rights to these data provided herein are owned by or licensed to Markit Economics Limited. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without Markit’s prior consent. Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon.
In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Purchasing Managers' Index™ and PMI™ are either registered trademarks of Markit Economics Limited or licensed to Markit Economics Limited. Markit is a registered trade mark of Markit Group Limited."
Get The App
Original post
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.