Global EconomyIMPORTANT
European S&P Global Services PMI Final (Sep) 53.0 vs. Exp. 53 (Prev. 51.6)
StockNow breaking-news AI analysis
September’s final services PMI was 53.0; the report linked its price-pressure and growth signals to inflation near 4% and further speculation about tighter policy.
News detail
The collective signal from the PMI surveys is one of GDP growing at a 0.4% quarterly rate, with momentum accelerating as we head into the fourth quarter." "A renewed upturn in price pressures signalled by the survey meanwhile hints at eurozone inflation running closer to 4% than the ECB’s 2% target. Combined with the acceleration of growth indicated by the PMI, the data will spur further speculation of more aggressive monetary policy tightening."
Related stocks
1 stocks
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.