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PMI Eurozonen: Erhvervstillid fortsætter ned, BNP Vækst under 1%

Morten W. Langer

torsdag 18. april 2019 kl. 15:17

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“The eurozone economy started the second quarter
on a disappointing footing, with the flash PMI falling
to one of the lowest levels seen since 2014. The
data add to worries that the economy has failed to
rebound with any conviction from one-off factors
that dampened activity late last year, and continues
to show only very modest growth in the face of
headwinds from slower global demand growth and
subdued economic sentiment.

“The surveys indicate that quarterly eurozone GDP
growth has slowed to just under 0.2%. A similar
0.2% rate of expansion is being signalled for
Germany but France stagnated and the rest of the
region has moved closer to stalling.

“Manufacturing remained the key area of concern,
with output continuing to contract at one of the
fastest rates seen over the past six years. Forward
-looking indicators showed some signs of
improvement but remain deeply in negative territory
to suggest the factory malaise has further to run.

“The slowdown also showed further signs of
engulfing the service sector, where growth cooled
again to one of the weakest rates seen since 2016.
Some encouragement can be gleaned from an
improvement in employment growth, although even
here the pace of hiring is among the lowest seen for
two-and-a-half years.

“The persistence of the business survey weakness
raises questions over the economy’s ability to grow
by more than 1% in 2019.”

 

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