China’s NBS and Caixin Manufacturing PMIs sent a contradictory signal for September. The official manufacturing index slipped into contractionary territory after declining 0.5 points to 49.6. Consensus estimates anticipated a…
Highlights The global fight against the Delta variant of COVID-19 continued to show progress in the month of September, but not without cost. Growth in services activity slowed meaningfully, which has likely delayed the return to…
Results from Sweden’s September Economic Tendency survey were a minor disappointment. The headline indicator slipped 0.7 points to 119.9. The confidence indicators for both the manufacturing industry and consumer declined…
New orders for US durable goods grew 1.8% month-on-month to a record $263.5 billion in August. The increase follows an upwardly revised 0.5% and is more than double expectations of a 0.7% rise. However, a 5.5% month-on-month…
The Turkish central bank surprised investors with a 100-basis point rate cut on Thursday, bringing the one-week repo rate down to 18%. The decision comes despite rising inflation. Headline CPI has been steadily climbing since…
Manufacturing and service flash PMIs for September were weaker than expected. In the US, both service and manufacturing PMIs fell below expectations, bringing down the composite PMI by 0.9 points to 54.5. This dynamic was even…
The results of ManpowerGroup's Q4 2021 global employment outlook survey - released earlier this week - provide further evidence that labor markets are tight globally. The share of global employers reporting difficulty…
Dear Client, Next week, in lieu of our regular weekly report, I will be hosting two webcasts where I will discuss our view on China’s economy and financial markets. I will also address the topics that our clients are most concerned…
Feature Chart 1Chinese Offshore Stocks Tumbled Amid Regulatory Crackdowns Relative to the global equity index, onshore and offshore Chinese stocks have fallen by 18% and 32%, respectively, since their peaks in mid-February (…