The final PMIs for May point to a further pick-up in growth in the euro-zone, led by Germany, and to steady or accelerating growth in most other advanced economies.

News that the Fed will proceed very cautiously in scaling back its huge balance sheet does not change our view that US monetary policy will be tightened more rapidly than the markets anticipate this...

The conflicting signals given by business surveys and national accounts during the first few months of the year mean that we cannot have absolute confidence in either. But we suspect that the PMIs...

Preliminary surveys suggest that manufacturing conditions in advanced economies are in good shape and point to a rebound in economic growth in Q2.