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3 Numbers: Slow growth to get slower in US Manufacturing PMI
Monday offers an array of new survey data for October, including the flash estimates for the Eurozone Composite PMI and the US Manufacturing PMI. We’ll also see an update on the broad macro trend for the US through September via the Chicago Fed National Activity Index. Eurozone: Composite PMI (0800 GMT) Is Europe’s summer slowdown giving way to an autumn pickup? The latest GDP projections from Now-casting.com hint at the possibility. Eurozone GDP for the third quarter is expected to tick up to a 0.4% quarterly rate, according to the consultancy’s revised estimate (as of October 21). That’s twice the rate ... (full story)