Report
Euro area: stable PMIs
The euro area composite PMI was broadly stable in May. Based on past correlations, the current level is consistent with euro area sequential GDP growth of around 0.2%. While sentiment in the manufacturing sector seems to have stabilized, the huge gap to the services sector remains in place. The forward looking parts of the survey give a mixed picture, with “New Orders†in the composite index easing, while “New Export Orders†in the manufacturing sector continuing to improve.
Provider
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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