Global June IHS Markit Manufacturing Index Level Falls

(Bloomberg) -- The seasonally adjusted IHS Markit GlobalManufacturing Purchasing Managers' Index fell to 53.0 in June,the lowest level in eleven months.

Trade-war jitters, political risk in Europe and divergence inmonetary policy across the world eased optimism amongmanufacturers as new export orders fell to the lowest level inalmost two years. The U.S. is scheduled to impose tariffs on $34billion of Chinese goods later this week.

According to the report, six nations reported a deterioration inoverall operating performance in June. These were Brazil,Denmark, Malaysia, Russia, South Korea, and Turkey. Rates ofexpansion remained above the global average in the U.S. and theeuro area, despite easing over the month.

The output price component reached the highest level since May2011 as inflation accelerated for a third straight month and hasbeen growing for 27 straight months.

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