Report
Composite PMI starts 2019 by declining further
The euro area composite PMI eased again in January, while consensus was expecting a slight rebound. Sentiment declined both in the manufacturing and services sector. While the French composite PMI fell more than expected, German figures surprised to the upside. Overall, today’s figures are consistent with our scenario of a weak growth momentum – though no recession - during Q1 2019.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Camille NEUVILLE
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