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November 9, 2022

Global business sentiment data did not improve in October.

When reviewing the tables below, it is important to remember that a number below 50 indicates a contractionary environment. S&P Global Composite PMI data for most countries declined on a m/m basis and several made new lows for the year. That trend is unfolding in both manufacturing and services. Source: Macrobond. The Institute of Supply...
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