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manufacturing PMI
Trends
- 1October rate hike odds rise to 70% on strong PMI▼Middle Market Debt Weekly: October Hike Odds at 70% on a Five-Year-High PMI
Markets now put roughly 70% odds on an October interest rate hike after a purchasing managers' index hit a five-year high, according to Middle Market Debt Weekly. The stronger manufacturing and services data has tightened expectations for monetary policy, with implications for middle-market borrowing costs and leveraged lending across credit markets.
- 2
New purchasing managers' index data from China point to improving conditions across both manufacturing and services sectors, according to a Wall Street Journal report. The readings suggest activity is picking up in the world's second-largest economy, a signal closely watched by investors and policymakers for hints about global growth and demand. Details on the exact figures were not provided.
- 3China's factory activity returns to growth in September●China's Manufacturing PMI Hits Expansion at 50.1 in September
China's official manufacturing purchasing managers' index came in at 50.1 for September, edging just above the 50 mark that separates expansion from contraction. The reading suggests factory activity stabilised after months of weakness, offering a modest boost to hopes that the world's second-largest economy is regaining momentum, though the margin of growth remains thin.
- 4
New purchasing managers' index data from China points to improving conditions across both manufacturing and services, suggesting a broadening of economic momentum in the world's second-largest economy. Analysts are weighing whether the uptick signals a durable recovery, with markets watching the figures closely for implications on global demand and commodity prices.