Global Manufacturing Activity Slowed in June 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 04/07/2022 13:20 WIB

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The global manufacturing Purchasing Managers' Index (PMI) fell to 52.2 in June, down from 52.3 the previous month, according to JP Morgan and S&P Global.

Purchasing Managers' Index (PMI) (June 2022)

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Global Manufacturing Activity Slowed in June 2022

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Purchasing Managers' Index (PMI) (June 2022)

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Manufacturing activity slowed in various countries in June, amid pressures such as surging prices and supply chain disruptions.

The global manufacturing Purchasing Managers' Index (PMI), an indicator of factory activity, fell to 52.2 in June from 52.3 the previous month, according to investment bank JP Morgan and consulting firm S&P Global.

While still in expansion territory, the global manufacturing PMI fell to its lowest level in 22 months. This decline occurred despite a rebound in factory activity in China, the world's manufacturing center.

Manufacturing activity in various regions slowed amid surging raw material prices. Business optimism fell to its lowest level in two years.

The Eurozone manufacturing PMI also slumped to its lowest level in 22 months. The index fell to 52.1 in June from 54.6 the previous month.

Manufacturing expansion in Southeast Asia also slowed, with its PMI falling to 52 in June from 52.3 the previous month.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."