Two-Year Weak Exports Push Global Manufacturing PMI to 11-Month Low
The headline JPMorgan Global Manufacturing PMI, fell from 53.1 in May to 53.0 in June, its lowest since July of last year.
The bank said worldwide manufacturers reported the weakest rise in export orders for two years in June, contributing to the slowest improvement in business conditions for almost a year.
Concerns about escalating trade wars also pushed business confidence down to a 19-month low, and meanwhile prices rose at the fastest rate for seven years, widely blamed on supply shortages, higher oil prices and tariffs.
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