QVMS - Global Business Activity Contracts For Fifth Successive Month As Demand Downturn Accelerates

January, 07 2023 11:57 PM Invesco S&P SmallCap 600 QVM Multi-factor ETF

Summary

Global business activity fell for a fifth consecutive month in December, with the rate of decline moderating slightly amid improved supply conditions but still rounding off the worst quarter since 2009 barring lockdown months.
At 48.2 in December, the Global PMI - compiled by S&P Global across over 40 economies and sponsored by JPMorgan - indicated a fifth successive month of falling business activity.
Going forward, it is therefore likely that the central bank policy path will be the key determinant of the trajectory of global output in the coming months, with the opening up of China's economy from COVID-19 restrictions also set to have a potential major influence.

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Company Name:	Invesco S&P SmallCap 600 QVM Multi-factor ETF
Stock Symbol:	QVMS
Market:	NYSE