Global PMI Slowdown Equity Risk
Weak global PMI data will indicate slowing economic activity and pose risks to equity market performance
Too little corroboration in the last 3 days to call a trend (5 articles). Watching for it to gain traction.
"The U.S. Bureau of Economic Analysis, in its initial estimate of Q2 GDP growth, said the economy expanded at a +1.5% annualized rate, weaker than expectations of +2.1%. Also, U.S. June personal spending rose +0.3% m/m, weaker than expectations of +0.4% m/m, and personal income grew +0.2% m/m, weaker than expectations of +0.3% m/m."
"The US economy expanded at a slower-than-expected annualised pace of 1.5% in the April-June quarter, as a widening trade deficit weighed on growth despite strong consumer spending and continued investment in artificial intelligence-related infrastructure."
"Today's US economic news was mixed for stocks with Q2 GDP growth below expectations despite strong consumer spending. US Q2 GDP rose +1.5% (q/q annualized), weaker than expectations of +2.0%."
"Economic data released on Monday showed that U.S. leading economic indicators edged lower in June amid weaker consumer spending. The Conference Board's Leading Economic Index for the U.S. fell -0.2% m/m in June, weaker than expectations of -0.1% m/m."
"As a leading economic indicator, the PMI will serve as the first key dataset to gauge global economic activity in the third quarter. Investors will focus on whether the U.S. service sector continues to expand and whether the manufacturing sector sustains its previous improving trend."