Eurozone PMI: stable with further weakening in manufacturing - ING
16.12.2019, 12:00

Eurozone PMI: stable with further weakening in manufacturing - ING

Bert Colijn, a senior Eurozone economist at ING, notes that the composite eurozone PMI was unchanged at 50.6 in December.

  • "Let’s start with the positive news: the eurozone's service sector remains resilient as the industrial recession is about to be extended into its third year. Service sector strength is boosted by a surprising labour market and contagion has been limited so far as problems in industry are in part concentrated in the auto sector and its supplying sectors. Still, whether this remarkable resilience can continue is the question as employment growth is slowing, weakening the prospects for domestic demand growth over the winter months.
  • The further weakening in the manufacturing PMI came as somewhat of a surprise as surveys had recently indicated that the downturn had been moderating. The continued manufacturing contraction throughout Q4 indicates that recession concerns, while moderating somewhat due to better geopolitical news, can still not be discarded for now.
  • Risk of contagion to the service sector remains until downside risks have fallen and result in a pickup in manufacturing activity and confidence. While the first is happening with a phase one trade deal set to be signed soon and a British election result that lowers the chances of a cliff-edge Brexit, the question is whether this comes soon enough to have a quick impact on manufacturing activity and confidence. If it does, the eurozone could be in for a positive surprise in 2020. If not, then talk of the F-word may be just as common in 2020 as it was 2019."

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik