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NZAC - Global PMI: What To Watch In The Flash PMIs For June
SPDR MSCI ACWI Climate Paris Aligned ETF
The concerns rest on the fact that global manufacturing growth has weakened amid ongoing supply constraints and soaring prices, leaving growth reliant on the service sector.
May saw the S&P Global US Composite PMI fall from 56.0 to a four-month low of 53.6.
Although economic growth is showing signs of slowing, price pressures showed no signs of abating as surging energy costs due to the Ukraine war add to the inflationary impact of raw material and labour shortages.