European PMIs shows downturn deepened
China39;s June Caixin PMI expands marginally
Factory activity slumps in Japan, South Korea
Surveys highlight gloom spreading from weak China growth

LONDONTOKYO, July 3 Reuters Global factory activity slumped in June, business surveys showed on Monday, as sluggish demand in China and in Europe clouded the outlook for exporters.

Across the euro zone manufacturing contracted faster than initially thought, as persistent policy tightening by the European Central Bank squeezed finances, and in Britain the pace of decline steepened as optimism faded.

In Asia, while factory activity expanded marginally in China, it contracted in Japan and South Korea as Asia39;s economic recovery struggled to maintain momentum.

Data due later on Monday are expected to show a further contraction in the United States.

There are no real signs we are going to get any rebound in the manufacturing sector this year. On the whole we are still talking about a negative assessment, said Rory Fennessy, European economist at Oxford Economics on the euro zone release.

Compiled by SP Global, HCOB39;s final euro zone manufacturing Purchasing Managers39; Index PMI fell to 43.4 from May39;s 44.8, its lowest since the COVID pandemic was cementing its grip on the world, below a preliminary reading and further from the 50 mark separating growth from contraction.

June39;s downturn was broadbased with surveys published earlier on Monday showing factory activity in all…