Meanwhile, the S&P Global manufacturing purchasing managers’ Index is due on Wednesday. The manufacturing PMI slipped to 48.7 in October from 49.1 in September.MANUFACTURING PMI data for November will be released at the start of the final month of the year.
It will be of interest to study how the manufacturing sector performance varied across the different regions, particularly in Asia. Bloomberg’s median estimate for China’s manufacturing PMI to ease further to 49.0 while non-manufacturing PMI may ease to 48.0 . It expects inflation to inch higher in the coming months which could ensure that Bank Indonesia will stay hawkish going into 2023.
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