{"id":626554,"date":"2018-07-05T04:02:14","date_gmt":"2018-07-05T04:02:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/global-pmi-readings-show-signs-of-global-slowdown\/"},"modified":"2018-07-05T04:02:14","modified_gmt":"2018-07-05T04:02:14","slug":"global-pmi-readings-show-signs-of-global-slowdown","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/global-pmi-readings-show-signs-of-global-slowdown\/","title":{"rendered":"Global PMI readings show signs of global slowdown"},"content":{"rendered":"

<\/a> Global PMI readings show signs of global slowdown: <\/strong>Cutting through the optimism are reports that global trade is already in the midst of a slow down, undercutting the strong global export growth witnessed in 2017. Surveys of purchasing managers in manufacturing this week indicate dwindling international demand growth, as economic growth in major regions like the eurozone and China taper off. The new-exports portion of JP Morgan\u2019s Global Manufacturing PMI fell to 50.5 in June, its weakest in nearly two years. \u201cThe figure remains above 50, indicating export orders are still rising, but it has grown weaker every month since hitting its most recent peak at 54.2 in January,\u201d notes the Wall Street Journal<\/a>. The orders data suggests that last year\u2019s 4.8% rise in global merchandise trade is unlikely to be repeated. All this comes ahead of new US tariffs on Chinese imports come into place on Friday.<\/p>\n

As the Trump administration injects toxicity into the global economy with its trade war, we can be thankful that it is continuing to rack up pressure on OPEC to reduce oil prices.<\/strong> OPEC is \u201cdoing little to help\u201d reduce gasoline costs, US President Donald Trump tweeted<\/a>. \u201cIf anything, they are driving prices higher as the United States defends many of their members for very little [USDs]. This must be a two way street. REDUCE PRICING NOW!\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Global PMI readings show signs of global slowdown: Cutting through the optimism are reports that global trade is already in the midst of a slow down, undercutting the strong global export growth witnessed in 2017. Surveys of purchasing managers in manufacturing this week indicate dwindling international demand growth, as economic growth in major regions like […]<\/p>\n","protected":false},"author":1,"featured_media":626555,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"93ed80a4-4310-49d6-8bca-24fb407cec77","order":"0","is_powered_by":true,"section_story_id":"733304a4-0412-4833-9f14-90979d3d8141","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/7\/1614.jpg","photo_position":"above","related_issue":[626551],"teaser":"","voice_url":""},"yoast_head":"\nGlobal PMI readings show signs of global slowdown - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/global-pmi-readings-show-signs-of-global-slowdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global PMI readings show signs of global slowdown\" \/>\n<meta property=\"og:description\" content=\"Global PMI readings show signs of global slowdown: Cutting through the optimism are reports that global trade is already in the midst of a slow down, undercutting the strong global export growth witnessed in 2017. 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After a bumpy year, emerging markets\u2019 aggregate reading for the two indices comes in at 52.4 for EMs, suggesting that annual\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/537.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542598,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/05\/pmi-outlook-improves-but-remains-in-contraction-territory\/","url_meta":{"origin":626554,"position":1},"title":"PMI outlook improves, but remains in contraction territory","author":"enterpriseam admin","date":"5 January 2022","format":false,"excerpt":"Egypt\u2019s non-oil business activity \u201cinched closer to stabilisation\u201d in December, contracting at its slowest pace in four months, according to IHS Markit\u2019s purchasing managers\u2019 index survey (pdf). An easing of inflationary pressures, increase in export revenues, and uptick in tourism supported new business, though subdued demand and lower output continued\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571913,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/04\/non-oil-private-sector-slowdown-eases-in-may\/","url_meta":{"origin":626554,"position":2},"title":"Non-oil private sector slowdown eases in May","author":"enterpriseam admin","date":"4 June 2020","format":false,"excerpt":"Non-oil private sector slowdown eases in May: Egypt\u2019s non-oil business activity fell at a slower rate in May, a month after the covid-19 pandemic caused the private sector to suffer its deepest contraction ever, according to IHS Markit\u2019s purchasing managers\u2019 index (PMI) (pdf). 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Flash PMI data brought to us\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588081,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/06\/egypts-non-oil-private-sector-contracts-at-softest-pace-in-15-months-in-may\/","url_meta":{"origin":626554,"position":4},"title":"Egypt\u2019s non-oil private sector contracts at softest pace in 15 months in May","author":"enterpriseam admin","date":"6 June 2023","format":false,"excerpt":"Business activity declined for 30th consecutive month in May","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/6\/248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567725,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/06\/private-sector-growth-slowed-in-november-pmi-shows\/","url_meta":{"origin":626554,"position":5},"title":"Private sector growth slowed in November, PMI shows","author":"enterpriseam admin","date":"6 December 2020","format":false,"excerpt":"Growth in Egypt\u2019s non-oil private sector slowed in November and business confidence fell to a record low amid fears of a resurgence of covid-19, according to IHS Markit purchasing managers\u2019 index (PMI) figures (pdf). 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