WASHINGTON/LONDON/TOKYO—Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and inflation continues to run at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy.
Gauges of factory activity released Thursday in Japan, Britain, the euro zone, and United States all softened in June, with U.S. producers reporting the first outright drop in new orders in two years in the face of slumping consumer and business confidence.
