Report
Euro-NowNat: weaker growth momentum
After today’s release of the September PMIs Euro- NowNat shows a downward revision of its growth forecast for the remainder of the year. The model now see s sequential GDP growth at 0.3% in Q3 and 0.4 % in Q4 . After being more optimistic on growth than our official forecast, this downward revision brings Euro- NowNat in line with our judgmental forecast. Weak data from the industrial sector through the summer are mostly responsible for the downward revision of Q3 growth . Euro- NowNat , however, signals some re- acceleration in growth towards the end of the year.
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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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