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Flash PMI surveys for the US, Eurozone, Japan and
Australia
Draghi's final ECB meeting
Special report on how UK industry fears a trade hit from
post-Brexit regulatory change
Special report on the challenges facing Indonesian President
Jokowi
The week ahead includes a raft of flash PMI surveys to provide
an early indication of economic trends at the start of the fourth
quarter. Policy action comes from the ECB and central banks of
Norway, Sweden, Russia, Hungary and Indonesia, while other key
releases include US durable goods orders and home sales, eurozone
consumer confidence and the German Ifo survey. In Asia the week
sees key trade numbers out of Japan, Taiwan and Hong Kong SAR,
while South Korea updates its GDP. Brexit and US trade war
developments once again form the backdrop.
Flash PMI surveys for the US, Eurozone. Japan and Australia will
be eagerly awaited after the September data showed the pace of global economic growth slipping
to the joint-lowest for three years. The details of the surveys
added to growing concerns that the trade war impact is spreading
beyond manufacturing, notably in both the US and Eurozone. The PMI
for the former recorded the worst order book
growth since 2009, while the eurozone's September PMI indicated
stagnation, rounding off the worst quarter since 2013. Japan's PMI
will meanwhile give the first insight into how the economy has
fared after the sales tax hike seen earlier this month.
The next ECB rate setting meeting is notable in being Mario
Draghi's last, with Christine Lagarde set to replace him as
president of the Governing Council on 1st November. The meeting
comes amid a growing rift among policymakers over the renewed
stimulus sanctioned at the September meeting. We are expecting
further dovish comments from Draghi as he hands over the reins,
given the recent weak PMI and benign inflation numbers, staunchly
defending the recent stimulus measures.
Our special reports this week look at how concerns have risen
about a potential hit to trade from post-Brexit regulatory change
and the challenges that lay ahead for Indonesian president Jokowi's
second term of office.
Download the report for the full content which
includes:
Global overview
Key diary events
US week ahead
Europe week ahead
Asia Pacific week ahead
Special report
UK industry fears trade hit from post-Brexit regulatory
change
Indonesia: Challenges ahead for President Jokowi's second term
of office
Purchasing Managers' Index™ (PMI™) data are compiled by IHS Markit for more than 40 economies worldwide. The monthly data are derived from surveys of senior executives at private sector companies, and are available only via subscription. The PMI dataset features a headline number, which indicates the overall health of an economy, and sub-indices, which provide insights into other key economic drivers such as GDP, inflation, exports, capacity utilization, employment and inventories. The PMI data are used by financial and corporate professionals to better understand where economies and markets are headed, and to uncover opportunities.
