BENGALURU - Euro zone business growth nudged up in August and may provide some modest cheer for policymakers, a survey showed, but the weakness in manufacturing and future expectations will keep the European Central Bank on track to ease policy in September.
“Today’s upside surprise is positive and suggests the slowdown hasn’t worsened at this stage. But the pace of expansion remains well below trend, warranting ECB easing next month, in our view,” wrote economists at Morgan Stanley in a note to clients titled “Curb Your Enthusiasm.” IHS Markit said the PMI suggested economic growth could range between 0.1% and 0.2% this quarter, weaker than the 0.3% predicted in a Reuters poll.
In France, business activity expanded this month, offering some signs of hope after a recent slowdown. Factory activity contracted for the seventh month in a row, although at a slower rate than the previous month, with the related index rising to 47.0 from 46.5 in July, beating the 46.2 forecast in a Reuters poll.
What is this story's cover photo? It looks like a random photograph that an 8 year old took into MS Paint lol.
WHAT IS THIS BLACK CLOUD? AH, I KNOW, SMOKE FROM THE RAINFOREST DEVASTATION
nothing to see here, look at your shoes on your way to the polling station.