Natixis - Euro area flash PMI: still declining in April

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Natixis

Véronique Janod

Euro area flash PMI: still declining in April

According to Markit flash PMI, t he euro area composite PMI declined slightly further in April to 51.3 ( from 51. 6 in March ) while consensus was expecting a slight improvement . The resilience of the service sector has weakened: PMI service sector index has dropped more than expected from 53.3 to 52.5. However, t he manufacturing index has stopped declin ing (47. 8 after 4 7 . 5 in March ) , remaining well anchored in the contraction area . These PMI figures are compatible with our GDP forecast of 0 . 3 % QoQ in Q1 and Q2 2019.

17/04/2019 3 EN

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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.

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Véronique Janod

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Euro area flash PMI: still declining in April

Section 899: A tool to increase revenue or to change foreign tax policy?

ECB Takes Summer Pause to Preserve Monetary Policy Flexibility

La BCE en pause estivale afin de garder « l’optionalité » de sa politique

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