USA: The mood of the service provider clouds more clearly than expected
Tempe – The mood in the US service sector surprisingly cooled down in September. The shopping manager index of the Institute for Supply Management (ISM) fell by 2.0 points to 50.0 points compared to the previous month, as the institute announced on Friday in pace. That is the lowest level since May. Economists had expected a decline, but only to 51.7 points.
Roundup/Euro zone: Mood of the service providers improves
London – The mood in the service sector of the euro zone improved significantly in September. The shopping manager index determined by S&P Global rose by 0.8 points to 51.3 points, as S&P announced on Friday in London after a second estimate. This is the best value in eight months. However, the second estimate is slightly below the first survey, in which an index of 51.4 points was determined. On average, economists had expected confirmation of the initial estimate.
Eurozone: producer prices are falling more than expected
Luxembourg – producer prices in the euro zone fell more than expected in August. They fell by 0.3 percent in the month, as the Eurostat statistics office announced on Friday in Luxembourg. Economists had expected a decline, but only by 0.1 percent. In July, the prices had risen by 0.3 percent (previously 0.4 percent).
Lagarde against softening the standards in banking regulation
Amsterdam/Frankfurt – The President of the European Central Bank (ECB), Christine Lagardehas spoken out against a softening of the standards in banking regulation. After years of increasing supervision of banks after the great economic and financial crisis, it was time to check the rules and, if necessary, simplify, said Lagarde on Friday, according to the speech in Amsterdam. However, this should not lead to a lowering of the standards for banks.
Great Britain: mood in the service sector clouds clearly
London – The mood of the British service providers deteriorated significantly in September. The corresponding shopping manager index (PMI) from S&P Global fell compared to the previous month by 3.4 points to 50.8 points, as S&P announced on Friday in London, according to a second estimate. In an initial estimate, only one decline to 51.9 points was determined. On average, economists had expected confirmation of the initial estimate.
Turkish inflation has increased again for the first time in over a year
Ankara – Inflation in Turkey has not weakened for the first time in more than a year. In September, consumer prices rose by 33.3 percent in September, as the statistics office announced on Friday in Ankara. In August, the inflation rate had only around 33.0 percent. With the increase in September, the inflation has increased again for the first time since May 2024.
Russia attacks Ukrainian energy infrastructure
Poltawa/Charkiw – The Russian military has attacked Ukrainian energy systems in several areas with drones and rockets. The main strikes were carried out in the Central Lucrainian area of Poltawa and in the East Ukrainian area of Charkiw, the Ukrainian Air Force said at Telegram. There were also damage in the areas of Sumy, Dnipropetrovsk, Odessa and in the Kiev area. A total of almost 400 drones and 35 rockets of different types were used. 18 rockets and 78 combat drones are stated in 15 locations. In addition, debris crashed in another 6 places.
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Roundup: You read a summary in the economic overview. There are several reports on this topic on the dpa-AFX intelligence service.
/JKR