Swiss Economicblogs.org
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...
Read More »Business activity, job creation and price pressures remain strong in euro area
