Today, we get a snapshot of how consumers and the services sector are holding up across developed markets.In developed economies these days, services account for a far bigger number of jobs than manufacturing, and so have a bigger impact on the health of consumers, and in turn, economic growth overall.
Similarly, in the US this afternoon, we get the latest reading from the ISM Non-Manufacturing Index, which also takes the temperature of the services sector.Activity has remained very strong in recent months, and this is seen as likely to continue for now.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Also, later this morning, we get news on eurozone retail sales for August.Annual sales growth is expected to weaken from the 2.2% rate seen in July, partly due to falling consumer confidence in the region.
-
London Stock Exchange gets go-ahead to run Pisces private stock marketThe Pisces market will allow investors to buy and sell shares in private companies. But how will it work, when will it launch, and who is allowed to use it?
-
Could landlords face National Insurance on rental income?The Treasury is said to be considering a tax increase for landlords in an attempt to boost revenue in Rachel Reeves’s Autumn Budget
