The euro area’s composite PMI fell to 48.9 in September, an eight-month low and the first sub-50 reading since January, as the Iran war’s energy shock dragged manufacturing and services simultaneously below the contraction threshold.
Tag: PMI
Posted inEconomy
US August Services PMI Rises to 55.4, Adding Pressure on Federal Reserve
The ISM Services PMI climbed from 54.1 to 55.4 in August, beating forecasts and signalling resilient domestic demand that complicates the Federal Reserve’s case for holding interest rates steady in September.
Posted inEconomy
China’s Factory Activity Edges Toward Recovery as New Orders Turn Positive in August
China’s NBS manufacturing PMI rose to 49.8 in August from 49.2 in July, with new orders and export orders both crossing into expansion territory for the first time since May.