Tag Archives: Flash PMI

The euro area composite PMI index fell slightly in October, consistent with our forecast of a moderate slowdown in activity in Q4.The euro area composite flash PMI declined to 55.9 in October, from 56.7 in September, below consensus expectations, led by a drop in the services sector which offset an increase in manufacturing. However, survey details were fairly strong, especially in terms of job creation.In Germany, the survey points to robust private sector growth. The PMI index decreased,...

Macroview September Flash PMIs were a mixed bag, but a closer look provides grounds for optimism. Markit’s euro area flash PMI indices for September were mixed, with France outperforming but business confidence declining in the German services sector as well as in the rest of the currency union. However, details of the PMI readings were generally better than the headlines. New orders rose in September and labour market dynamics remained supportive. Perhaps the best news from the Markit PMIs...