ACTV - Flash PMIs Show The U.S. Bucking A Developed World Slowdown While The U.K. Sees The Sharpest Inflation
2024-06-24 10:40:00 ET
Summary
- June flash PMI survey data showed the G4 major developed economies expanding for a seventh successive month in June.
- US saw strong economic growth, while Europe and Japan experienced slowdowns, with varying factors contributing to the divergences.
- In Europe, the equivalent UK and eurozone PMIs fell to seven-month and three-month lows respectively, though importantly still registered growth.
The flash PMI data for June from S&P Global indicated sustained robust economic growth across the four major developed economies - the 'G4' - albeit with the overall pace of expansion losing some momentum. At the same time, inflation - in terms of average prices charged for goods and services - moderated on average across the G4 to one of the lowest rates seen over the past three and a half years. However, output and inflation trends varied markedly among the G4 economies: while the US bucked the global economic growth slowdown, the UK diverged from the trend of lower inflation. ...
Flash PMIs Show The U.S. Bucking A Developed World Slowdown, While The U.K. Sees The Sharpest Inflation