US employment surge helps allay short-term growth worries

US employment growth rebounded with a vengeance in June, but the underlying trend remains one of a slowdown in hiring, and it's far from clear whether June's bumper non-farm payroll increase reflects a renewed appetite among companies to hire staff.

Global economy sees worst quarter since 2012

The JPMorgan Global PMI™, compiled by Markit from its worldwide business surveys, held steady at 51.1 in June, rounding off the weakest quarter since the fourth quarter of 2012. The data point to global GDP rising at market prices at an annual rate of just 1.5%, below the long-run average of 2.3%. Emerging markets remained in an overall state of stagnation, continuing the trend seen over much of the past year. Developed world growth meanwhile slipped to the second-lowest in just over three years, maintaining the sluggish growth profile seen since February.

UK hiring falls for first time in nearly four years amid rising Brexit uncertainty

The number of people placed in permanent jobs by recruitment agencies fell in June, dropping for the first time since September 2012 as Brexit uncertainty intensified.

UK industry enjoys fastest growth for six years ahead of Brexit vote

UK industry was growing at the fastest rate for six years in the three months to May, according to official data, but there are serious doubts as to whether such buoyant performance can be sustained.

Global economy sees weakest quarter since 2012

Global economic growth failed to pick up from the sluggish pace seen in May, indicating that the world remains mired in the worst growth phase for three-and-a-half years. Once again, the lack of any growth driver was evident: weak rates of expansion in the US and UK, linked in part to rising political uncertainty, a struggling recovery in the Eurozone and renewed downturn in Japan coincided with an ongoing near-stagnation of the emerging markets.

UK PMI signals near-stalling of economy in June

The PMI surveys indicate that the pace of UK economic growth slowed to just 0.2% in the second quarter, losing further momentum in June as Brexit anxiety intensified.