(Reuters) - The indicator, produced by JP Morgan with research and
supply management organisation, fell to 56.2 in July from 59.1
in June, where 50 marks the dividing line between growth and
contraction.
"Today's activity indicators suggest that global economic
activity is expanding at a 2.5-3.0 percent annualized pace at
mid-year," said David Hensley at JP Morgan. "Although the recent
turmoil in financial markets has undoubtedly renewed concerns
over growth, output still appears set to accelerate in the
second half."
Read more at Reuters.com Economic News
supply management organisation, fell to 56.2 in July from 59.1
in June, where 50 marks the dividing line between growth and
contraction.
"Today's activity indicators suggest that global economic
activity is expanding at a 2.5-3.0 percent annualized pace at
mid-year," said David Hensley at JP Morgan. "Although the recent
turmoil in financial markets has undoubtedly renewed concerns
over growth, output still appears set to accelerate in the
second half."
Read more at Reuters.com Economic News
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