Macro Focus - Euro area PMIs. Second wave contraction stabilizes in December
Euro area PMI. Surprise outperformance brought an early Christmas present

Composite PMI bounces back to 49.8 

Industry continues outperforming 

Services improve substantially despite restrictions 

December brought a welcome surprise. Flash estimate showed recovering economic activity levels in Europe. It could mean that the second dip in GDP will be smaller and gives basis for faster recovery next year. With vaccines inbound, recovery fund secured, and global trade recovering Europe could be on a path to faster recovery than expected. Especially if Brexit hurdle could be cleared as well.

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)