What was the composite PMI in the US and how does it compare to last month?
US Business Activity Shrinks Again in September
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The video discusses the latest S&P Global PMI data, highlighting a rise in US manufacturing PMI to 51.8, indicating expansion, while services PMI increased but remained in contraction. The composite PMI also showed improvement. In Europe, PMI data suggests a recessionary trend. The video concludes with a discussion on the influence of central banks and inflation, emphasizing that their statements are more impactful than data.
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What are the implications of the economic data for Europe according to the text?
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