Daily Archives: Sep 5, 2023 at 07:09 am EDT

Macro Briefing: 5 September 2023

* Will a strong job market immunize the US from recession? Maybe not
* China Composite PMI, a GDP proxy, indicates Aug growth slowest since Jan
* China’s Country Garden, a property developer, avoids default–again
* Eurozone economy contracts at faster pace in August via PMI survey data
* Modest global mfg contraction continued in August via PMI survey data
* US manufacturing activity contracted for 10th straight month in August
* US payrolls rose more than forecast in August
* Economists expect US economic growth will slow in 2024:

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