Eurozone | PMIs suggest that the economy is suffering more than expected
Published on Monday, February 22, 2016
Eurozone | PMIs suggest that the economy is suffering more than expected
Summary
PMIs have fallen in February, since doubts concerning orders from abroad have resurged, hampering the growth of the manufacturing sector, whose index fell 1.3 points in the eurozone and more than 2 points in Germany. Services expectations have also worsened. The data added a downward bias to our forecast of 0.4% QoQ for the first quarter.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- PMIs
Authors
Agustín García
BBVA Research - Principal Economist
Miguel Jiménez
BBVA Research - Lead Economist
Massimo Trento
Documents and files
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