Worldwide growth hits 27-month low in December

The following is an extract from IHS Markit's monthly PMI overview presentation. For the full report please click on the link at the bottom of the article.

Global PMI slips to 27-month low

The global economy ended 2018 on a disappointing note. The JPMorgan Global PMI, compiled by IHS Markit, sank to its lowest for 27 months, extending a slowdown trend that has been evident throughout the past year. The latest reading is commensurate with worldwide GDP growth slowing close to 2%. Other indicators showed new order inflows at their lowest since September 2016 and job creation hitting a 20-month low. Optimism towards the year ahead meanwhile slipped to its weakest for two-and-a-half years, suggesting the slowdown has further to run.

Deteriorating goods trade once again sat at the heart of the slowdown. Global goods exports dropped (albeit only modestly) for a fourth straight month to act as an ongoing drag on the manufacturing sector. Service sector growth remained more resilient, though also lost some momentum to register the second-smallest expansion of activity for just over two years.

Chris Williamson, Chief Business Economist, IHS Markit
Tel: +44 207 260 2329
This email address is being protected from spambots. You need JavaScript enabled to view it.


© 2019, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

Download full report

Copyright

© IHSMarkit

0
Euro area unemployment at 7.9%
Job Vacancies, Australia
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 23 January 2019

Captcha Image

 
Wait a minute, while we are rendering the calendar

FF Asia is the premier South-East Asian forum on retail foreign exchange (Forex) trading. The community has attracted more than 24,000 traders since inception. The website serves its special interest network including media partnerships with event organizers, online discussion forums, social network, copy trading, provide economic report data, trading blogs and broker informational data.

english simplified chinese german japanese indonesian arabic filipino
french italian korean russian malay spanish thai
© 2018 FF Asia. All Rights Reserved.