October 23, 2026
United States:
US Business Activity Expands, Prices Surge by Most Since 2022
US business activity grew at a slightly slower pace in October but remained close to a multi-year high as robust demand pushed new orders, employment and prices higher.
The S&P Global flash composite index fell 0.8 point to 57.6 in October, data released Friday showed. That was the second-highest reading since 2022. Figures above 50 indicate expansion.
Europe:
ECB Says Consumers’ Inflation Expectations Edge Up in September
Inflation expectations among euro-area households increased slightly in September, supporting expectations that the European Central Bank will keep raising borrowing costs.
Consumer prices were seen rising 3.1% over the next year, up from 3% in August, a monthly poll by the ECB showed Friday.
Asia:
Japan Inflation Rises Above BOJ Target, Backing Rate Hikes
Japan’s key price gauge rose above the Bank of Japan’s target level for the first time this year, supporting the case for a widely expected BOJ interest rate hike in December.
The consumer price index excluding fresh food rose 2.1% in September from a year earlier, the Ministry of Internal Affairs and Communications said Friday.
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