Episodes
Friday Nov 05, 2021
Global Data Pod Weekender: Two steps forward, one step back
Friday Nov 05, 2021
Friday Nov 05, 2021
The October PMIs showed a strong post-delta wave recovery in services, but supply disruptions continued to weigh down momentum in manufacturing. That said, data out of EM Asia point to a nascent easing of bottlenecks there. The US jobs report revealed strong payroll growth and a further drop in unemployment, but supply constraints also were apparent in the participation rate and job flows. These supply-side issues are pressuring inflation higher and challenging central banks’ communications.
Speakers:
Bruce Kasman
Michael Hanson
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