Europe’s PMIs mixed data confirms the need of new, strong action from ECB

Numbers confirm that growth is slowing in Germany and is void in France, while it is shrinking in Italy. The only positive news came from Ireland and Spain, where service sectors, which have a greater relative weight in their respective economies, are growing at levels not seen for years.

 “We understand that this numbers are mixed and worrying -the euro area’s three major economies show signs of stagnation -, which confirms the need for new action by the ECB,” Analysts at Link commented on Thursday.

That would need to go along “should go hand in hand” in the implementation of major structural reforms in France and Italy, the same analysts say, although they believe it might be difficult to achieve due to the “political” cost that it entails.

 

 

 

 

 

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