(Bloomberg) -- The seasonally adjusted IHS Markit Global
Manufacturing Purchasing Managers’ Index fell to 53.0 in June,
the lowest level in eleven months.
Trade-war jitters, political risk in Europe and divergence in
monetary policy across the world eased optimism among
manufacturers as new export orders fell to the lowest level in
almost two years. The U.S. is scheduled to impose tariffs on $34
billion of Chinese goods later this week.
According to the report, six nations reported a deterioration in
overall operating performance in June. These were Brazil,
Denmark, Malaysia, Russia, South Korea, and Turkey. Rates of
expansion remained above the global average in the U.S. and the
euro area, despite easing over the month.
The output price component reached the highest level since May
2011 as inflation accelerated for a third straight month and has
been growing for 27 straight months.
©2018 Bloomberg L.P.