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S&P Global JPMorgan Global Composite Output Index (global PMI) hits highest in 16 months

This is an encouraging sign for the global economy. From the report:The start of the second quarter saw a further acceleration in the rate of global economic expansion. Growth of output and new orders hit their highest levels since December 2021 and March 2022 respectively, as job creation and business optimism also strengthened. The upturn in output was again heavily skewed towards the service sector, as conditions remained sluggish in manufacturing. The J.P.Morgan Global Composite Output Index... Read More

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Posted: May 10 2023, 02:25

Author Name: forexlive

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