PMIs signal fragile growth picture
by AIB Treasury Economic Research Unit
- The flash October PMI surveys for the Eurozone, while inching higher, signal a fragile growth picture.
- Elsewhere, the UK PMI data pointed to a modest increase in UK private sector output, but the rate of expansion slowed for the second month running
- Nonetheless, Chancellor Reeves has provided some forward guidance, writing in the Financial Times, that she will adjust the national debt rule to provide more headroom to boost investment spending
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