Final manufacturing PMIs for August suggest that the pace of global growth has held up fairly well, despite weaker activity in China.

The recent panic in global markets has been reflected in a wave of commentary to the effect that monetary policy has lost its power. We disagree. Central banks’ track record on inflation in advanced...

The latest monetary data suggest that the pace of growth in the major advanced economies remains solid. Global monetary conditions are likely to remain very loose over the coming years, which in turn...

Among the “flash” business surveys published today, the fall in China’s manufacturing PMI has, understandably, attracted the most headlines. However, surveys for the other major economies suggest that...