While stronger manufacturing PMI readings imply an acceleration in industrial activity in August, we don’t think that the upturn will be sustained given the increasing headwinds from policy tightening. As such, we expect the prices of most industrial metals and coal to ease back from current levels.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services