ECONOMICS COMMENTARY
Jun 05, 2013
PMIs show global economy picking up speed in May, but Q2 still looks weak
Having hit a six-month low in April, global economic growth picked up again in May, according to PMI data. The JPMorgan Global PMI, produced by Markit, merely rose from 51.9 to 53.1, however, thereby still signalling only a modest pace of expansion of around 2-2.5% per annum - above that seen late last year but well below per-crisis rates.
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