SHPP - Top 5 Takeaways From June's Global Survey Data As Manufacturing Price Inflation Accelerates
2024-07-03 00:25:00 ET
Summary
- At 50.9 in June, the Global Manufacturing PMI, sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, recorded above the 50.0 neutral mark for a fifth successive month.
- Down from 51.0 in May, the latest data signalled a marginal easing in the rate of improvement, though nevertheless points to the second-strongest upturn seen over the past two years.
- The PMI survey's sub-index of production, which tracks actual month-on-month factory output changes, signaled a sixth successive monthly expansion of production in June.
- The production improvement was again led by Asia, albeit with Japan lagging. Japan nonetheless moved into expansion territory for the first time in over a year.
At 50.9 in June, the Global Manufacturing PMI, sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, recorded above the 50.0 neutral mark (and therefore indicating improving business conditions) for a fifth successive month....
Top 5 Takeaways From June's Global Survey Data As Manufacturing Price Inflation Accelerates