Global Datanote: Flash PMIs, Germany, September 2025

In one line: That’s more like it, but upturn in manufacturing is on borrowed time.

Global Datanote: Flash PMIs, France, September 2025

In one line: Political brinkmanship comes at a cost. 

Global Datanote: Bank Indonesia Decision, September 2025

• In one line: Third time (un)lucky.

Global Datanote: FInal Inflation, Eurozone, August 2025

In one line: All set for a rebound into year-end.

17 September 2025 Global Monitor Risks of recession in Brazil now tangible

• US - FOMC too nervous about inflation to endorse the market curve
• EUROZONE - Closer to an estimate for the Q1 2026 fall in German energy prices
• UK - CPI preview: nudging up to 3.9% in August as food prices jump
• CHINA+ - China’s ailing domestic demand likely to prompt targeted support
• EM ASIA - EM Asia laggards won’t chip away at the Asian Tigers’ chip dominance
• LATAM - Brazil economy weakens as tight policy and tariffs weigh heavily

Global Datanote: CPI, India, August

• In one line: Expect this to be a temporary headline bounce.

Global Datanote: ECB Press Conference, September 2025

In one line: The ECB is happy at 2%, for now. 

Global Datanote: ECB Rate Decision, September 2025

In one line: ECB doves need better persuasion skills. 

Global Datanote: Exports, China, August, 2025

In one line: China exports slow on low-tech weakness; US, Africa and LatAM slump offsets ASEAN strength

Global Datanote: Flash Mfg PMI, Japan, August, 2025

In one line: Japan’s flash manufacturing PMI nears 50, boosted largely by domestic demand.

Global Datanote: Exports, Japan, July, 2025

In one line: Japan’s export show strain from tariffs, with cars and steel leading declines.

Global Datanote: 20-Day Exports, Korea, August, 2025

In one line: Korea’s 20-day exports rebound in August, monthly momentum firms despite fading US front-loading.

Global Datanote: PPI, China, July, 2025

• In one line: China’s producer prices continue to fall amid involution and weak demand

Global Datanote: PPI, China, August, 2025

• In one line: Improvement in producer deflation appears mainly driven by short-term factors, more than policy yet

Global Datanote: CPI, Mexico, August, 2025

• In one line: Headline inflation eases, but core remains sticky.

10 September 2025 Global Monitor Dismal payrolls not enough for 50bp Fed cut next week

• US - Payrolls warrant much looser policy, but 50bp next week is unlikely
• EUROZONE - Swiss inflation details are dovish; SNB rate cut to -0.25% still on
• UK - GDP likely unchanged month-to-month in July
• CHINA+ - China’s exports lose steam on low-techs; slump in US exports persists
• EM ASIA - Confident BNM holds fire on further easing, following July cut
• LATAM - Mexico’s economy holds steady, but capex weakness and trade risks persist

Global Datanote: Inflation, Switzerland, August 2025

• In one line: SNB cut this month still on, just.

Global Datanote: Manufacturing PMI, ASEAN, August

• In one line: A more confident uptick, with tariff clouds receding.

Global Datanote: ISM Manufacutring Survey, US, August 2025

• In one line: Jump in new orders obscures underlying weakness

Global Datanote: GDP, Second Quarter, Brazil, 2025

• In one line: Growth slows as capex falls, but services hold up.