Eurozone | PMIs suggest a moderation in growth in 2Q16
Published on Monday, May 23, 2016
Eurozone | PMIs suggest a moderation in growth in 2Q16
Summary
The slight worsening of composite PMI in May reflects a fall in confidence in the industrial sector, which continues to suffer due to the weakness of global demand and the uncertainty in Europe, while services expectations remain stable. Overall, today’s data point to the expected moderation of GDP growth in 2Q16 to rates of around 0.3% QoQ.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- PMIs
Authors
Manuel Cabezas
Agustín García
BBVA Research - Lead Economist
Eduardo Gutiérrez
Miguel Jiménez
BBVA Research - Lead Economist