The fall in the global manufacturing PMI in August implies that global industrial activity is contracting, and the further decline in the new orders and export orders sub-components suggests that things will only get worse. The good news is that weak demand has allowed supply conditions to improve further, which has led to a significant easing in price pressures.
Note: Will the UK’s next Prime Minister be able to turn around the country’s economic fortunes? Find out what our economists think in our special Drop-In on Monday, 5th September. Register here.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services