September 23, 2025
United States:
US Business Activity Cools as Growth of Selling Prices Eases
US business activity expanded in September at the slowest pace in three months, while cooler demand limited the ability of companies to raise prices and offset tariffs.
The S&P Global flash September composite output index fell 1 point to 53.6, according to data released Tuesday. Figures above 50 indicate expansion.
Europe:
Euro-Zone Private Sector Grows at Fastest Pace in 16 Months
The euro area’s private sector expanded at the quickest pace in 16 months as outperformance in German services compensated for a slump in France.
The Composite Purchasing Managers’ Index compiled by S&P Global rose to 51.2 in September from 51 in August, further above the 50 threshold separating growth from contraction.
Asia:
Japan’s Takaichi Says More Bond Issuance May Become Unavoidable
Japan will need to rely on excess tax revenue to fight back against rising consumer prices, but issuing government bonds “could become unavoidable if the situation calls for it,” said Sanae Takaichi, a frontrunner in the ruling Liberal Democratic Party’s leadership race.
The ex-economic security minister spoke alongside four other candidates at a joint press conference in Tokyo on Tuesday, in which they all stressed the importance of deploying countermeasures to inflation.
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