US S&P Global Manufacturing PMI Final 51.8 vs. Exp. 52.2 (Prev. 51.8)
Newsquawk Staff · Newswires ·
- "The gap between growth of production and the drop in orders is in fact the widest seen since the height of the global financial crisis back in 2008-9. Unless demand improves, current factory production levels are clearly unsustainable. Payroll numbers will also be adversely impacted if production capacity has to be scaled back."
- "Some encouragement comes from input cost inflation moderating in December to the lowest recorded since last January. However, while this cost trend suggests the tariff impact on inflation peaked back in the summer, costs are still rising month-on-month at an elevated rate to suggest that US firms continue to face higher cost growth than competitors in most other major economies".
Sources
- Mexican S&P Global Manufacturing PMI (Oct) 49.50 (Prev. 50.30)
- Brazilian S&P Global Manufacturing PMI (Oct) 46.1 (Prev. 44.8)
- Swiss CPI (Oct YY) 1.5% vs. Exp. 1.3% (Prev. 1.0%); Core (Oct YY) 0.5% vs Exp. 0.5% (Prev. 0.5%)
- Swiss CPI (Oct MM) 0.2% vs. Exp. 0% (Prev. 0.0%)
- ECB's Radev says the economic environment is getting more challenging; October pause does not mean the tightening cycle is over
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