PMI hints at slowing momentum
While the data this week revealed that GDP was better than expected in August, the growth rate nevertheless slowed. Combined with September’s trade data which showed a fall in manufacturing exports, and Markit’s October PMI which fell to the lowest level in 21 months, there are signs that the economy is losing momentum.
Access this publication and more, take our free trial subscription today.
Free TrialAlready a subscriber? Simply log in to view this article.