‘Economic momentum is still weak’: 4 takeaways from China’s August activity data

China's official manufacturing PMI rose to 49.7 in August, indicating a slight improvement in domestic demand, while the non-manufacturing PMI fell to 51, suggesting a slowdown in the services sector; however, the composite PMI remained in expansion territory, indicating a modest cyclical recovery is likely.

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8/28/2023

China-linked assets squeezed as slowdown ripples across markets

Investors are becoming increasingly concerned about the state of China's economy as informal gauges, such as PMI surveys and soft surveys, indicate a deep-seated confidence problem and a potential miss of the country's 5% growth target this year, leading to a retreat from global assets exposed to the slowdown.

9/6/2023

European markets extend losses, evaluating global prospects (EROTF)

The Eurozone construction PMI in August 2023 decreased slightly to 43.4, marking the sixteenth consecutive month of decline, while the pan-European Stoxx 600 index fell by 0.89%, led by losses in the financial services and banking sectors.

9/6/2023

Services PMI® at 54.5%; August 2023 Services ISM® Report On Business®

The Services PMI® registered 54.5 percent in August, indicating expansion in the services sector for the eighth consecutive month, with growth in business activity, new orders, employment, and supplier deliveries.

9/15/2023

Emerging Markets Growth Slows but Remains Resilient Amid Global Headwinds

The latest PMI data shows a contraction in developed markets, while emerging markets continue to grow, albeit at a slower pace, indicating overall solid performance in the third quarter of 2023. However, new export orders for emerging market manufacturing contracts at a slower rate, and India remains a bright spot amid the global headwinds.