PMI for Eurozonen – læs hele meddelelsen her
The eurozone remained mired in a fragile state of
weak and unbalanced growth in August,
“Although up on July, the latest reading indicates
that GDP will rise by just 0.2% in the third quarter,
assuming no substantial change in September.
Official data available so far for the quarter suggest
growth could be even weaker.
“The picture remains very mixed both by sector and
country, highlighting how downside risks persist. A
fierce manufacturing downturn, fuelled by
deteriorating exports and most intensely felt in
Germany, continues to be offset by resilient growth
in the service sector, in turn propped up to a large
extent by solid consumer spending in domestic
markets.
“The big question is how long this divergence can
persist before the weakness of the manufacturing
sector spreads to services and households. With
jobs growth waning to the slowest since early-2016
a deteriorating labour market looks set to be a key
transmission mechanism by which the trade-led
downturn infects the wider economy. A sharp drop
in business optimism about the coming year in the
service sector, down to the joint-lowest for six
years, suggests that companies are already braced
for tougher times ahead.
“We therefore expect to see renewed stimulus from
the ECB in September as the central bank seeks to
revive demand and stem the spreading malaise.”
