Global economic growth slows amid renewed emerging market downturn

Global economic growth slowed for a third month running in June, according to worldwide PMI survey data. The JPMorgan Global PMI, compiled by Markit, sank to 53.1 from 53.6 in May, its lowest since January, to signal a rate of global GDP growth of approximately 2% per annum.

Eurozone economy enjoying best growth for four years despite ‘Grexit’ fears

The Greek crisis appears to have so far had little impact on the eurozone economy as a whole. Economic growth in the currency bloc rose to a four-year high in June, according to the Markit Eurozone PMI. The Composite Output Index hit 54.2 in June, up from 53.6 in May. The upturn in June also took the average index reading for the second quarter as a whole to a four-year high.

UK PMI surveys point to post-election economic rebound

The UK PMI surveys indicate that the pace of economic growth rebounded in June, recovering from what appears to have been a brief lull caused by the general election. Slower growth in a manufacturing sector that continues to be hurt by the strength of sterling was offset by faster rates of expansion in services and construction, suggesting GDP growth will accelerate from 0.4% in the first quarter of the year to 0.5% in the three months to June.

Fed to remain cautious as hiring remains impressive but wage growth disappoints

Yet another month of impressive job creation pushes the Fed closer to hiking interest rates later this year, albeit with the Fed likely to remain in a cautious mood.

World’s factories report worst quarter for two years amid Asian downturn

Global manufacturing activity slowed and edged closer towards stagnation in June. The JPMorgan PMI™, compiled by Markit, fell to 51.0 from 51.3 in May, matching April’s 21-month low. The average PMI reading for the second quarter is the weakest seen for two years.

UK manufacturing PMI slides to weakest in over two years

A sharper than expected manufacturing slowdown adds to signs that UK economic growth could disappoint in 2015. The disappointment caused sterling to slide as the weak numbers pushed back expectations of when the Bank of England is likely to start hiking interest rates.

Greece PMI signals deepening downturn as intensifying crisis hits economy

The Greek debt crisis continued to take a toll on the economy in June, with the country facing a deepening recession as consumer and business spending continued to decline during the month. However, there are currently few signs of significant contagion of the crisis to other countries.