Global Business Activity Sees Mixed Trends in June
US, UK, and Japan report varying levels of growth and inflation pressures amid economic uncertainties.
- US business activity hit a 26-month high with easing price pressures, suggesting sustained inflation slowdown.
- UK private sector growth slowed to a seven-month low as firms paused spending ahead of the General Election.
- Japan's factory activity expanded for the second consecutive month, but growth decelerated due to rising costs.
- US retail sales and housing starts showed signs of economic slowdown despite positive PMI data.
- Inflation remains a key concern globally, with varying impacts on manufacturing and service sectors across regions.