Tag Archives: Euro PMI

The services sector is proving resilient, but manufacturing disappoints. Euro area flash composite PMI dipped slightly to in September and came in slightly below consensus expectations. Activity in services picked up and weakened further in manufacturing, which continued its decline since the start of the year, falling to 53.3 in September from 54.6 in August. New export orders failed to grow for the first time since...

The services sector is proving resilient, but manufacturing disappoints.Euro area flash composite PMI dipped slightly in September, coming in slightly below consensus expectations. Activity in services picked up and weakened further in manufacturing, which continued its decline since the start of the year, falling to 53.3 in September from 54.6 in August. New export orders failed to grow for the first time since June 2013.Overall, euro area composite PMI remains consistent with our forecast...

PMI surveys surprised to the upside in March. The euro area composite PMI surged to 56.7, its highest level since April 2011.The average composite PMI is now consistent with a GDP growth rate of about 0.6% q-o-q in Q1, above our forecast. At the same time, hard data came in slightly weaker than expected, suggesting that business surveys might be overstating the pace of growth to some extent. As a result, we are keeping our growth forecast unchanged at 1.5% for 2017Both the euro area...

Preliminary purchasing manager indices from Markit suggest the outlook for the euro area continues to brighten. Growth forecasts for this year are tilted to the upside.The euro area composite PMI eased slightly to 54.3 in January, from 54.4 in December. Importantly, the breakdown by subindices showed that employment rose at its fastest rate since 2008, which bodes well for domestic demand. Overall, PMI indices look consistent with real euro area GDP growth of 0.5% q-o-q in Q1, slightly above...

We continue to forecast a gradual pick-up in the pace of economic expansion from 1.5% in 2015 to 1.8% in 2016, largely led by domestic demand. Read the full report here According to Markit’s preliminary estimates, the euro area composite PMI decreased slightly from 53.1 in March to 53.0 in April. Nevertheless, the employment component improved in both the manufacturing and services sectors. Looking at forward-looking components, the manufacturing new export orders and new business...