Procurement Magazine September 2021 | Page 11

Global Economic Growth Earth

After reaching a 15-year high in May , the JPMorgan Global Composite Output Index™ ( compiled by IHS Markit ) retreated 1.9 points to 56.6 in June , signaling a cooling of global economic growth . The US and Europe remained bright spots , while Asian economies struggled in comparison . For a third consecutive month , global services outperformed manufacturing . - Source : DGF Global Forwarding | OFR Market Update | August 2021 . procurementmag . com 11