In August, Global PMI Services Industry Fell For The First Time In Five Months.

2010/9/6 20:14:00 62

A survey released on Friday showed that private sector growth was losing momentum, and growth in services and manufacturing activities slowed down.

The Global All-Industry Output Index, compiled by JP Morgan and research and supply management in August, dropped from 54.6 in July to 53.9, but still higher than 50 in the divide.

"Purchasing managers in August"

index

(PMI) data show that the global economic recovery rate will be further reduced.

Gross domestic product (GDP) growth in the third quarter of the world will slow to around 2.5%, down from the peak 4% in the second quarter.

"Morgan Chase's David Hensley said.

In August, the global service industry index dropped from 54.3 in July to 53.5, but it was higher than 50 in thirteenth consecutive months.

However, in August, the employment of global service industry fell for the first time in five months, but the rate of decline was very low compared with that of the United States, Japan, the United Kingdom, Australia and Russia.

Friday morning

Publish

According to the data, the recovery rate of services in the eurozone in August was basically unchanged compared with that in July, because the German data rose to conceal Spain's data below 50.

According to an industry report released on Friday, the US Non manufacturing sector grew for eighth consecutive months in August, but the growth rate was slower than July and lower than expected.

Wednesday's data show that global August

manufacturing industry

The pace of activity expansion slowed last month, reflecting the slowdown in the growth of new orders and the improvement in inventory accumulation.

The global index summarizes the survey data for the United States, Japan, Germany, France, the United Kingdom, China and Russia.