J.P. Morgan AM: Manufacturing in Europe remains a weak spot
J.P. Morgan AM: Manufacturing in Europe remains a weak spot
While the European economy continues its gradual upswing, the manufacturing sector remains an area of concern.
Eurozone business surveys for August provided further evidence of the divergence between solid output in services and much weaker activity in manufacturing, with last week’s flash Purchasing Managers’ Index (PMI) manufacturing print falling to 45.6.
At a country level, German data was particularly anaemic while in France, a disappointing manufacturing print was offset by an Olympics-driven boom in services. Overall, the strength in services sectors appears sufficient to keep the eurozone economy growing over the coming quarters. Yet given the region’s relatively high dependence on manufacturing, stronger momentum into 2025 will likely require all of Europe’s growth engines to start firing.
Index level, eurozone PMIs
Share this post!
Related posts
-
Read more about "Allianz Trade: EU steeds meer in de knel tussen VS en China"Allianz Trade: EU steeds meer in de knel tussen VS en China
-
Read more about "JP Morgan AM: European real estate may be approaching a turning point"JP Morgan AM: European real estate may be approaching a turning point
-
Read more about "Han Dieperink: European rescue can only come from Germany"Han Dieperink: European rescue can only come from Germany
-
Read more about "Thijs Jochems: Innovatiebeleid overheid ineffectief"Thijs Jochems: Innovatiebeleid overheid ineffectief
-
Read more about "Han Dieperink: De toekomst van Europa"Han Dieperink: De toekomst van Europa
-
Read more about "Triodos IM: EU Taxonomy, key to climate neutrality or free pass to greenwashing?"Triodos IM: EU Taxonomy, key to climate neutrality or free pass to greenwashing?
-
Read more about "EQS Group: European companies insufficiently prepared for CSDD"EQS Group: European companies insufficiently prepared for CSDD
-
Read more about "Harry Geels: French public finances new challenge for the eurozone"Harry Geels: French public finances new challenge for the eurozone
-
Read more about "Ocorian: Alternative fund managers expect growth in all major European jurisdictions"Ocorian: Alternative fund managers expect growth in all major European jurisdictions
-
Read more about "Carmignac: Europese importtarieven op Chinese elektrische auto’s komen te laat"Carmignac: Europese importtarieven op Chinese elektrische auto’s komen te laat