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ECONOMICS COMMENTARY
Oct 09, 2014
Markit economic overview
The following is an extract from Markit's monthly economic overview. For the full report please click the link at the bottom of the article.
Global economic growth slips in September, despite further emerging market upturn
The JPMorgan Global PMI", compiled by Markit, fell to a four-month low of 54.9 in September. Despite the dip, the PMI is consistent with the annual pace of global economic growth picking up in Q3 from 2.1% in Q2. The drop in the index reflected a slight waning of growth in the developed world, albeit to a pace that remains one of the highest since the recession. Emerging market growth meanwhile edged up to a 1" year high.
Global PMI and economic growth
Developed v emerging world
US leads global upturn, followed by UK
Japan was the only one of the four major developed economies to see an upturn in the pace of expansion in September, according to the PMI surveys. Strong rates of expansion were nevertheless persistent in the US and UK, leaving the eurozone as the main worry. Growth rates generally remained lacklustre in the emerging markets, though have improved in all 'BRICs' compared to the start of the year.
Developed world
Emerging markets
Use the download link below to access a full overview of the September PMI surveys, including details of all major economies, policy implications and the market impact.
Chris Williamson | Chief Business Economist, IHS Markit
Tel: +44 20 7260 2329
chris.williamson@ihsmarkit.com
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