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 slides to six-month low at start of fourth quarter

Global economic growth slowed to a six-month low in October, according to the JPMorgan Global PMI", compiled by Markit. Despite dipping for a third successive month, the PMI is still consistent with steady but unspectacular global economic growth of approximately 2.5%. Growth slowed in the developed world and the emerging markets, with the pace of expansion remaining especially disappointing in the latter.

Global PMI and economic growth

Developed v emerging world

Almost universal slowing of growth rates across major economies

PMIs covering manufacturing and services signalled slower growth in the US and UK, though both continued to enjoy robust expansions. A return to contraction was seen in Japan, while Eurozone growth remained weak and largely unchanged on September's 10-month low. All four 'BRIC' emerging markets also saw weakening trends. Brazil and Russia both slid into decline, while growth slowed in India and China.

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.

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