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Tag Archives: euro area PMIs

Euro area PMIs: still little good news below the surface

We see little evidence of a rebound in business taking shape, reinforcing our revised 2018 GDP growth forecast.Although euro area flash PMI indices were roughly in line with expectations in August, some details were less positive than the headline numbers, suggesting that downside risks have not yet disappeared. True, at face value, the small rise in the euro area composite PMI index, from 54.3 in July to 54.4 in August, is consistent with resilient real GDP growth, close to the 0.4% q-o-q...

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Euro Area PMIs: Still Little Good News Below the Surface

We see little evidence of a rebound in business taking shape, reinforcing our revised 2018 GDP growth forecast. Although euro area flash PMI indices were roughly in line with expectations in August, some details were less positive than the headline numbers, suggesting that downside risks have not yet disappeared. True, at face value, the small rise in the euro area composite PMI index, from 54.3 in July to 54.4 in...

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Euro area PMIs on the soft side

Fundamentals remain solid but the decline in some forward-looking indicators in July signal downside risk in the coming months. Markit’s euro area flash PMI surveys for July came in on the soft side. The composite PMI for the euro area fell to 54.3 in July from 54.9 in June, below consensus expectations. At the sector level, the manufacturing PMI index rose marginally, putting a halt to six consecutive months of...

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Euro area PMIs on the soft side

Fundamentals remain solid but the decline in some forward-looking indicators in July signal downside risk in the coming months.Markit’s euro area flash PMI surveys for July came in on the soft side. The composite PMI for the euro area fell to 54.3 in July from 54.9 in June, below consensus expectations. At the sector level, the manufacturing PMI index rose marginally, putting a halt to six consecutive months of decline.The services PMI declined to 54.4, but this followed a 1.4 points jump...

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