China rebounds but global output growth eases

The latest PMI surveys  highlight some noteworthy trends on the local, national and global economy from July 2017. This slide pack explores them in more detail.

Key highlights include:

  • Global output growth (53.5) eases to a 7-month low
  • Growth accelerates in China, US & Italy
  • Chinese composite rebounds off 12-mth low to 51.9
  • Emerging Markets’ PMI slips to 10-mth low of 51.4 with Russia down to 53.4 (10-mth low) & India 46.0 (100-mth low)
  • Eurozone composite PMI eases to 6-mth low (55.7)
  • Germany at 10-mth low (54.7), France (55.6) & Spain (56.7) ease to 6-mth lows while Italian PMI up to 56.2 (3-mth high)
  • UK composite PMI unchanged at 53.9 with rise in services (53.8) & manufacturing (55.1) but construction eased to 51.9.
  • RoI business activity slows to a 4-mth low (57.0)
  • NI firms’ output & employment growth slow to a 9-mth & 6-mth lows. But services output accelerates to 16-mth high
  • Input cost inflation eases to 13-mth low

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