Global Datanote: Final Manufacturing PMIs, Eurozone, September 2024

In one line: Recession in EZ industry rumbles on. 

Melanie Debono (Senior Eurozone Economist)Global

Global Datanote: CPI, Indonesia, September

• In one line: Much more food disinflation ahead.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: Manufacturing PMI, ASEAN, September

• In one line: Export-oriented manufacturers hit a speed-bump at the end of Q3.

Miguel Chanco (Chief EM Asia Economist)Global

Global Datanote: BanRep Announcement, Colombia, September, 2024

• In one line: The 50bp pace of rate cuts continues amid mixed economic signals and a cautious inflation outlook.

Andrés Abadía (Chief LatAm Economist)Global

2 October 2024 Global Monitor The ECB will cut rates twice more this year

• US - Only three indicators are useful in payroll forecasting; all are flawed
• UK -CPI inflation will be boosted by duties and school fees
• EM Asia-Thailand’s smaller cash handout will be even more trivial for growth
• EZ -October’s rate cut is on; deposit rate set to end 2024 at 3%
• LatAm - Banxico cuts rates as expected, opening door for further easing
• China+ - China’s policy shift puts growth target in reach; bold reforms lacking

Ian Shepherdson (Chief Economist, Chairman and Founder)Global