Global PMI Data Review

The global composite PMI edged to 52.0 in June, with services strengthening while manufacturing momentum softened. Key indicators suggest that manufacturing output growth has likely peaked amidst cooling global demand.

Key Takeaways

• 1.Manufacturing sector growth appears to have passed its peak, with output momentum slowing and job losses emerging.
• 2.Supply chain pressures peaked in May, though delivery times remain long by historical standards despite easing geopolitical tensions in the Middle East.
• 3.Services sector activity saw a modest acceleration driven by cost pressures easing, though high price levels continue to suppress demand in specific regions like Europe.

Table of Contents

• How much of a bounce?
• Snapshot of manufacturing and services PMIs
• Three key takeaways from this month’s data
• Manufacturing PMIs
• Other key trends in the manufacturing sector
• Services PMIs
• Detailed breakdown of manufacturing and services PMIs

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