Europe-wide srowth slowdown
As noted in our Eurozone Outlook update, forward-looking PMI indicators clearly signal a sharp slowdown ahead, including in core economies, as shown by the new-orders-to-inventory ratios in the manufacturing sector, for example. The flash Q2 GDP estimate of 0.2% q/q is bound to overstate the degree of the activity slowdown, especially in core economies, when compared with the stronger performance of the previous quarter.
Related news
More related news >
Related news
In June, the annual decline in producer prices slowed down in Germany
In Germany, producer prices fell by 1.6 percent year-on-year in…
Read more >Rural accommodations closed a stronger half year than last year
The momentum of tourism in 2023 will continue to make…
Read more >Munch is now available in every Auchan store
From the beginning of May you can get the three…
Read more >