March and it’s off again!
Editorial European PMIs are back on a strong upward trend, but so are new COVID cases and restrictive measures. In Europe the trend is clearly not towards reopening, which is reigniting the debate on the timing of the recovery at a time when the number of new cases does not seem to be declining. End of Q2 or Q3? The rebound seems to be far away if we look at the markets, however a consensus seems to be emerging around the fact that the rebound will be stronger and faster in the US. March and it’s off again? No pun intended, but it seems that Europe is lagging behind once again.