Swiss Economicblogs.org
Strong Flash PMI surveys for April indicate that output growth is accelerating in the euro area.Euro area PMI surveys surprised to the upside in April. The composite flash PMI surged to 56.7 in April from 56.4 in March, above consensus expectations (56.4). Overall, April’s composite PMI is consistent with euro area GDP growth of 0.7% quarter over quarter (q-o-q) in Q2, up from 0.6% in Q1 and higher than our forecasts. Other national surveys and hard data have been more mixed, suggesting that...
Read More »Latest PMI numbers tilt growth forecast upwards
