How The Global Economy Changed In One Month

Global manufacturing remained deeply depressed in Europe and much of the developed world, even as North America largely showed strength this June, new data out of Markit Economics shows.

The firm released PMI readings for some two dozen countries over the past 20-four hours, with continued weakness across the euro area, and difficulty resonating in Asian strongholds like Japan and China.

Notable readings:

  • U.S.: 52.5 in June, down from 54.0 in May
  • U.K.: 48.6 in June, up from 45.9 in May
  • Eurozone: 45.1 in June, flat with 45.1 in May
  • Spain: 41.1 in June, down from 42.0 in May
  • Germany: 45.0 in June, down from 45.2 in May
  • Italy: 44.6 in June, down from 44.8 in May
  • China: 48.2 in June, down from 48.4 in May
  • Japan: 49.9 in June, down from 50.7 in May

Below we present two maps. First, the world map updated with revised June PMI results. You’ll notice the sea of red in Europe has moderated somewhat, but growth in Eastern Europe and Asia declined — and even contracted in some countries.

Canadian PMI is not released until Tuesday, so data for the chart was held from the May reading.

June Global PMI Roundup

Photo: Eric Platt/Business Insider

And the second, with May PMI figures.


Photo: Eric Platt/Business Insider

SEE ALSO: Map — An Up Close Look At The European Collapse >

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