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RWIU - Global Economic Downturn Moderates In May Led By Renewed Growth In China
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The following is an extract from IHS Markit's monthly PMI overview presentation. For the full report, please look at the bottom of the article.
Global business activity contracted sharply in May, according to the latest PMI business survey data, dropping for a fourth successive month. Encouragingly, the rate of decline cooled markedly since April's record collapse as economies around the world started to ease lockdowns designed to contain the COVID-19 pandemic, but was nonetheless the second-steepest in over two decades.
The JPMorgan Global PMI (compiled by IHS Markit) showed a record surge of just over