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Weekly Economic Perspectives

Manufacturing PMIs Turn Sharply Lower

Chief Economist
Investment Strategist

The Economy

  • US homebuilder sentiment plunges.
  • Inflation rises to new records in Canada and the UK.
  • The ECB surprises with a 50-bp hike.
  • The BoJ keeps policy unchanged.
  • RBA minutes signal more rate hikes.

Spotlight On Next Week

  • The Fed poised to deliver another big hike.
  • Eurozone economy may have eked out a little growth in Q2.
  • Australian inflation poised to jump.

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