Euro zone slowdown deepens as inflation stays sticky, vexing ECB
October PMI data show euro area growth cooling while inflation remains elevated, complicating ECB rate path.
Japan's July 2026 average cash earnings rose 4.7% year-on-year, beating the 3.9% forecast, and real wages increased 2.4%.
The July 2026 Japanese wage data are presented below.
Average cash earnings increased 4.7% from a year earlier.
Real wages rose 2.4% year-on-year.
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October PMI data show euro area growth cooling while inflation remains elevated, complicating ECB rate path.
UK flash services PMI came in at 53.1 in October, above the 51.8 estimate.
Eurozone October flash PMIs missed forecasts as growth continued at slowest pace, likely fueling ECB tightening speculation.
Germany's October flash manufacturing PMI was 54.2 versus 53.5 expected, while services and composite PMIs missed forecasts, pointing to slower activity.