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 was the composite PMI in the US and how does it compare to last month?

What are the implications of the economic data for Europe according to the text?