Vi kan nu begynde at ane baggrunden for nedturen på de globale aktiemarkeder. Den globale vækst bremser op, viser dagens globale erhvervstillids indikator fra JP Morgan. Erhvervstilliden er den svageste i 28 måneder. USA’ ISM viser nøjagtig samme billede, idet den fremadrettede ordreindgang styrtdykker.
Growth in the global manufacturing sector remained lacklustre during August. The rate of expansion in production volumes eased to the weakest seen in 28 months and the pace of increase in new business stayed close to recent lows.
At 50.7 in August, the J.P.Morgan Global Manufacturing PMI™ – a composite index1 produced by J.P.Morgan and Markit in association with ISM and IFPSM – fell to its lowest level since July 2013.
Furthermore, the average so far in 2015 (51.3) is below the average for 2014 as a whole (52.3), suggesting that a solid rebound in growth will be needed if the sector is to even match last year’s tepid pace.
Manufacturing production increased for the thirty-third successive month in August. However, the rate of expansion was the weakest since April 2013, as the downturn in emerging markets accelerated and growth slowed in the developed world. The Czech Republic, Italy, Spain and Germany recorded the fastest rates of output expansion during August.
The US, due to its large relative size, was also a significant contributor to the latest increase in global manufacturing production, despite growth in the nation easing to a 19-month low. Conditions continued to strengthen in the eurozone, with output growth accelerating to a 15-month high.
