Global factory growth eases on weak Asia, Europe: PMI

Global manufacturing growth slowed last month as most Asian economies remained weak while Greek debt talks that dominated debate in Europe kept the euro zone in check, a business survey showed on Wednesday. JPMorgan's Global Manufacturing Purchasing Managers' Index (PMI), produced with Markit, nudged down to 51.0 in June, matching April's near two-year low. "The growth of manufacturing output remained subdued during the second quarter, with the rates of increase in new business and output slipping to their lowest since the first half of 2013," said David Hensley, a director at JPMorgan.

Global factory growth eases on weak Asia, Europe: PMI source: http://finance.yahoo.com/news/global-factory-growth-eases-weak-152005861.html