At first sight, the latest batch of flash PMIs suggests that recoveries in advanced economies are heading in different directions. However, this has a lot to do with individual economies being in different stages of fighting the virus and easing restrictions. One key take-away is that the surveys are consistent with our forecasts for unemployment to rise in Europe and Japan, even as it continues to fall in the US.

Read the publication What to make of August’s mixed bag of flash PMIs on the Capital Economics Website.

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