ACWI - Global Manufacturing Downturn Deepens In June
Worldwide PMI surveys indicated a deterioration of manufacturing business conditions for a second successive month in June, with the health of the sector declining at the fastest rate since October 2012.
Output, new orders, exports, inventories, backlogs of work and employment all fell during the month. Factory gate price inflation meanwhile slipped to the lowest for nearly three years, in part reflecting a further easing of raw material cost pressures.
Only 12 of the 30 countries covered by the IHS Markit surveys reported improved business conditions, the lowest number for over six years. Deteriorating business