The Bank of Israel sees 6.0% GDP growth this year versus 5.0% previously. The central bank noted strong economic activity and a tight albor market. The staff forecast for a year out was boosted to 3.50% from 2.75% while inflation is seen next year at 2.50%.
Archives of “October 3, 2022” dayrss
Euro zone factory activity declined again in Sept as energy bills bite -PMI
Actual 48.4 (Forecast 48.5, Previous 48.5)
Manufacturing activity across the euro zone declined further last month as a growing cost of living crisis kept consumers wary while soaring energy bills limited production, a survey showed on Monday.
“The ugly combination of a manufacturing sector in recession and rising inflationary pressures will add further to concerns about the outlook for the euro zone economy,” said Chris Williamson, chief business economist at S&P Global.