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JPMorgan Global PMI: Global Report on Manufacturing - July 2, 2007

Growth of Manufacturing Production and New Orders Gained Traction in June. Cost Inflationary Pressures Continued to Build.

The global manufacturing sector ended the first half of 2007 on a positive footing. Following the anticipated US-led slowdown in growth during the opening quarter, June PMI data indicated that rates of expansion for production and new orders had recovered to reach fourteen and eleven-month highs respectively.

At 54.4 in June, the JPMorgan Global Manufacturing PMI remained above the neutral 50.0 mark that separates an improvement in operating conditions from a deterioration for the forty-eighth successive month. Moreover, the PMI currently stands at its highest level since last September.

JPMorgan Global PMI: Global Report on Manufacturing - July 2, 2007 - 35KB - (PDF)

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