ING
Eurozone PMI: stronger data, growing doubts
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https://think.ing.com/snaps/eurozone-pmi-stronger-data-growing-doubts/
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4 itemsING THINK
Eurozone PMI: stronger data, growing doubts
The desk views the recent Eurozone PMI improvement as a double-edged sword, buoyed by stronger performance but clouded by escalating geopolitical tensions. The PMI jumped from 50.0 to 51.9, hinting at resilience in manufacturing and services as evidenced by broad-based gains in new orders and job creation. Per the full note from ING, while the data appears promising, doubts remain regarding sustainable growth due to renewed Middle Eastern conflicts, which exacerbate existing economic headwinds.
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