Solid Expansion of Global Manufacturing Sector Eased From Recent Highs in July. Input Price Inflation Remained Elevated.

Growth of the global manufacturing sector eased noticeably at the start of 2007. However, underlying conditions remained solid overall, with July PMI data pointing to an expansion of global IP of around 4% saar.

The headline JPMorgan Global Manufacturing PMI posted 53.1 in July, down from 54.4 in June, to record its lowest reading in four months.