Shift in inflation expectations is driving a new cycle of ‘value rotation’
Thursday 07 Oct 2021 Author: Ian Conway
The latest service sector data, covering everything from pubs and restaurants to industrial and business companies, has shown healthy readings in the UK and US, but problems associated with inflation are brewing. 5 October saw the latest survey results from research firm IHS Markit for purchasing managers in the service sector around the world. Typically, a reading over 50 suggests rising confidence and a healthy economy, while readings below...