As we start to prepare for the flash #PMI releases at the end of the week, here's a free-to-read recap on the September data:
"Developed world economies hit by slower growth and rising prices"
bit.ly/2Z2r4a4
"Developed world economies hit by slower growth and rising prices"
bit.ly/2Z2r4a4
The divergence between the PMI signals of slower economic growth and steeper price pressures has presented a dilemma for policymakers. While the price gauges fuel calls for policy accommodation to be scaled back, the deteriorating output momentum calls for caution.
Importantly, watch the sub-indices from the forthcoming manufacturing PMIs in addition to the headline #PMI, as this is where the supply chain pressure signals – which will ultimately steer inflation – will be found. Read more about these sub-indices at bit.ly/3G1v2Rf
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