Macro Focus - European PMI September 2020
European PMIs – Diverging fortunes of Services and Manufacturing

Manufacturing in Germany seems to finally be making solid gains after a long period of stagnation. Of course, it is recovering from a very low level but nonetheless it is a welcome sign for many European trade partners that supply the German industrial engine. 

French economy is losing steam. A sharp rise in new covid-19 cases and reintroduction of more restrictions affected the service economy negatively, as expected. The negative reading confirms suspicion that path to recovery is going to be long and windy. Fortunately, the drop does not resemble spring whatsoever. 

PDF-Document Full Text

For more information please contact

Vytenis Šimkus +370 687 17870

This email is sent through the web-based distribution system of Swedbank Macro Research. As a subscriber you can change your settings regarding what publications you will receive by clicking “Change your settings”. You can also unsubscribe from this particular newsletter by clicking "Unsubscribe". Information on the Swedbank Principles of processing personal data can be found here

Subscribe »
This letter is distributed by Swedbank in cooperation with Brightly. The letter is personal.
You need Adobe Acrobat Reader to show PDF documents. (download here)