Daily Economic Briefing

The J.P. Morgan Global Economic Research team reports that the global composite PMI improved in June, suggesting persistent economic growth. While the US economy shows tempered upside momentum, consumer spending and business capex remain resilient, supporting a positive growth trajectory for the second half of 2026.

Key Takeaways

• 1.Global composite PMI rose slightly in June to 52.0, signaling resilience with an implied above-trend global GDP growth rate.
• 2.The US consumer remains robust, with high-frequency card data indicating continued solid spending momentum heading into the second half of 2026.
• 3.Global capital expenditure (capex) is tracking a 9.8%ar rise in 2Q26, bolstered by broad-based gains and strength in emerging Asia.

Table of Contents

• Daily Economic Briefing
• Focus: Global composite PMI: The upside from a June gain
• J.P. Morgan global PMI summary
• Global composite PMI
• Quantitative Economic Dashboard (QED): Summary
• US activity tracker
• Inflation tracking
• Policy rate tracking
• Other Disclosures

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