Today’s disappointing PMI readings from China could have a silver lining for commodities: the data are not bad enough to justify market fears of an imminent “hard landing”, but they may prompt additional policy easing just in case. Meanwhile, the improvements in the euro-zone PMIs suggest that demand from Europe should gradually recover, while also taking more steam out of the US dollar.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services