US Business Activity Shrinks Again in September

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.

What does a PMI value above 50 generally indicate?

• Contraction

• Recession

• Expansion

• Stagnation

How did the US services PMI change according to the latest data?

• It decreased to 43.7

• It increased to 49.2

• It remained at 51.5

• It dropped to 44.6

What is the economic outlook for Europe based on the latest PMI data?

• Stable economy

• Heading into recession

• Strong growth

• Rapid expansion

Which country had decent services numbers despite the overall trend in Europe?

• France

• Italy

• Germany

• UK

According to BMO, what is becoming more important than economic data?

• Employment rates

• Central bank statements

• Trade balances

• Stock market trends