Today’s batch of manufacturing PMIs suggest that production continued to rebound in September, albeit at a slower pace than earlier in the quarter. The big picture, though, is that the state of the recovery in manufacturing is unlikely to be a good guide to the broader economic recovery in the coming months. This is because it is the (bigger) services sector that will be hit hardest by second rounds of restrictions.

Read the publication PMIs suggest industrial recovery slowed by end of Q3 on the Capital Economics Website.

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