Report
Euro area : decline in PMIs underscores downside risks
The November composite PMI surprisingl y declined against expectations of a stable reading. The negative surprise c ame mostly from a drop in services sector sentiment , though manufacturing sentiment also recorded a small decline. While these figure s should not be taken at face value, they nevertheless reflect the growing downside risks to the euro area economy.
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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.
Dirk Schumacher
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