Latest global data paints even uglier picture of substantial deterioration and deflation.

#recession #manufacturing #services #globaleconomy #deflation #inflation 
With Germany and Europe already struggling to escape from the earlier recession, most recent July data on forward-looking sentiment shows the situation worsening substantially over the months still ahead. In the US, PMI numbers indicate the same if not yet to the same degree and intensity. Becoming more globally synchronized and deflationary.

Eurodollar University's Money & Macro Analysis

Deutsche Bundesbank Monthly Report June 2023
https://www.bundesbank.de/resource/blob/911528/01ceb958008680074abe476534ae6288/mL/2023-06-prognose-data.pdf

HCOB Flash Germany PMI
https://www.pmi.spglobal.com/Public/Home/PressRelease/c23ef113fdfb4d149593c3b3d2840fe9

HCOB Flash Eurozone PMI
https://www.pmi.spglobal.com/Public/Home/PressRelease/3b7cae66963d47798b88889727023fd3

S&P Global Flash US Composite PMI
https://www.pmi.spglobal.com/Public/Home/PressRelease/bbdd92c5f4a34bb5975b23263409ad3d

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