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The following is an extract from IHS Markit's monthly PMI overview presentation. The full report is below.
The JPMorgan Global PMI™ (compiled by IHS Markit) jumped by a record 11.4 index points in June, building on a prior record increase of just over 10 index points in May to push the index to a five-month high. Despite the rise, at 47.7, the PMI remained below the no-change 50.0 level to indicate a fifth successive monthly deterioration of output across the combined manufacturing and service sectors. However, historical comparisons indicate that a PMI reading of 46.7