Over 10 years we help companies reach their financial and branding goals. Maxbizz is a values-driven consulting agency dedicated.

Gallery

Contact

+1-800-456-478-23

411 University St, Seattle

maxbizz@mail.com

Global Surveys Flash Recession Warnings – Investopedia

When central bankers from around the world gather in Jackson Hole, Wyoming later this week, they will be confronting fresh data suggesting the global economy is at risk of sliding into recession.
Surveys of purchasing managers from Asia to Europe, and in the U.S., show business activity contracting, with little sign of a turnaround anytime soon.
U.S. private-sector business contracted for a second straight month in August and is at its weakest in 18-months, with notable weakness in the services sector. S&P Global’s flash composite Purchasing Managers’ Index (PMI) for August dropped to 45 this month — the lowest since May 2020 — from a final reading of 47.4 in July. Any reading below 50 suggests a contraction.
European business activity also declined for a second month in a row, amid a steep rise in energy prices. The eurozone flash PMI fell to 49.2 in August from 49.9 in July, hitting an 18-month low. Businesses in both manufacturing and services reported a decline in new orders pointing to future weakness. 
S&P Global’s surveys indicated that private-sector activity in Japan and Australia also declined in August for the first time since a wave of new COVID-19 infections at the start of the year.
Podcast Episodes
Stock Markets
Macroeconomics
News
Government & Policy
Podcast Episodes
When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site.

source

Author

admin

Leave a comment

Your email address will not be published.