PMIs provide little sign of energy price shock broadening
The manufacturing PMIs for October suggest that East Asian economies may have lost momentum, but there were more positive stories elsewhere in the EM world. The drop back in the output price component of the PMI, despite high oil prices last month, provides encouraging signs that the energy shock isn’t feeding through to a much broader rise in inflation.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.