🌐JPM JUNE GLOBAL MANUFACTURING PMI PRINTS AT 55.5

• Employment, output and new orders all rise. Supplier delivery times lengthen to record extent

• Out of the 30 nations for which June data were available, 22 saw operating conditions improve (as signalled by a PMI reading above 50.0). However, half of these also saw their rates of expansion slow compared to the previous month

• Europe remained a bright spot within global manufacturing, with the top-seven ranked countries all located in this region. The US was in eighth position overall, with Australia the next highest non-European country in thirteenth. Asia continued to underperform (on average) compared to the global average. PMI readings for China and Japan slipped to three and four-month lows respectively, while India fell back into contraction (breaking a ten-month sequence of growth)