Uncertain outlook for the global economy as trade issues still dominate

The National | Dec 8, 2019 at 12:00 AM
  • A week that started with bad news over trade ended more positively with evidence the US economy, in particular the labour market, is in better-than-expected shape as the end of the year approaches.
  • Eurozone services and composite PMIs were revised slightly higher than their flash estimates for November, coming in at 51.9 and 50.6 respectively.
  • In the UK the composite PMI was also slightly higher than the flash estimate, but still below the neutral 50.0 reading.