Money Minute, Tuesday 1 October: manufacturing data and eurozone inflation

This morning in the UK and eurozone, and later on in the US, we get the latest readings from the ISM Manufacturing index.The index gives a view of the health of a country or region's manufacturing sector. A reading below 50 means the sector is shrinking above 50 means it is growing.

We also get the latest inflation data from the eurozone. Eurozone inflation is expected to come in at around 1%, which is well below the European Central Bank's target rate of around 2%.That would appear to vindicate the controversial decision by the outgoing central bank governor Mario Draghi to restart quantitative easing.

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