Daily Archives: September 1, 2023

Macro Briefing: 1 September 2023

* US consumer spending accelerated in July
* Slowing sales at Dollar General suggest softer US consumer spending ahead
* Eurozone manufacturing PMI reflects “steepening downturn in August”
* China’s economic headwinds may be linked to the ‘paradox of thrift’
* China Manufacturing PMI shows stronger operating conditions in August
* US mortgage rates ease after 5 weeks of climbing
* US jobless claims eased last week, remaining near multi-decade low
* Chicago PMI survey data continues to indicate contracting mfg activity in August
* US PCE inflation edges up for 1-year change through July:

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