Global manufacturing decline weighs on minerals demand

摘要

Global manufacturing output slipped for a second month in July 2019, depressing demand for industrial minerals, according to a combination of purchasing managers' index (PMI) survey data and market feedback. The JP Morgan Global Manufacturing PMI for global manufacturing production registered 49.3 during the month, down from 49.4 in June, marking two consecutive months of readings below the 50 mark, which indicates flat performance.