In a Glimpse- PMI and Central Bank Actions

*NOTE FROM THE EDITOR: The composite purchasing managers’ index published by financial information company Markit rose for the sixth month running to a 27-month high of 52.1 points in September from 51.5 in August. That’s further above the 50 threshold that indicates that economic recovery across the 17 euro members is picking up. Not only in Germany.

“Although the upturn continued to be led by Germany, France saw the first increase in business since early 2012 and elsewhere growth was the strongest since early 2011,” Markit’s chief economist Chris Williamson said. “Employment continued to fall, though it is reassuring that the rate of job losses eased to only a very modest pace, suggesting that employment could start rising again soon.”

*Read the original blog post here.

*Read the comments by Marcus Nunes in his bloghere.

About the Author

Marcus Nunes
João Marcus Marinho Nunes is a partner of Phynance Estratégias Quantitativas e Investimentos and a professor of Economics at Fundação Getúlio Vargas in São Paulo, Brazil. He also blogs here: http://thefaintofheart.wordpress.com/

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