This week will leave us with new inflation data and everything indicates that they will be worse than expected

Posted on September 27, 2022 This week, international economic attention is turned entirely towards the inflation data published on Thursday and Friday on both sides of the Atlantic, and everything indicates that it will be worse than expected. On Friday we will know that of the Eurozone, where an increase is expected and expectations place the data for the ninth month of the year at 9.7%, compared to 9.1% in August. The containment measures are being applied in the member countries unevenly, making their evaluation and coordination difficult, and there is no room for significant improvement in the future for the fourth quarter of the year. The application of the measures in the EU may affect the rise in prices, but they will not change the rules of the game and could even boost inflation in the medium term. The preliminary data for the composite PMI for the month of September in the Eurozone was 48.2 points, in line with the data estimated by analysts, but slightly lower than the figure for the previous month (48.9 points). In the United Kingdom, the composite PMI for September was 48.4 points, below market expectations (49 points) and the figure for the previous period (49.6 points). Also in the United Kingdom, the finance minister announced tax cuts to historic levels and a considerable increase in debt (an additional £72 billion over the next six months). In Italy, elections for the President of the Republic were held on Sunday, these gave victory to the Italian right, leaving the Fratelli d’Italia party and Giorgia Meloni as winners, on the way to governing in a right-wing coalition. INFORMATIONTitleThis week will leave us with new inflation data and everything indicates that it will be worse than expectedDescriptionThis week international economic attention is directed completely towards the inflation data that is published on Thursday and Friday on both sides of the Atlantic, and that everything indicates that They will be worse than expected. Author GLOBALCAJA