Swiss Economicblogs.org
Flash PMI surveys indicate continuation of a “solid and broad” recovery. We expect ECB to move cautiously toward a more neutral policy stance.The euro area May PMI indices remained consistent with Mario Draghi’s assessment of the ongoing recovery as “solid and broad”. The composite flash PMI remained stable at 56.8 in May, against expectations of a small decline. This apparent stability masked further improvement in the largest member states as business confidence outperformed in the French...
Read More »Euro area business confidence remains strong
