Composite PMI in the Euro Area increased to 51.20 points in September. At 51.2, the index was up slightly from August’s reading of 51.0 and pointed to a modest monthly rise in output that was the most ...
The euro area is undergoing a fundamental change in its growth model. For two decades, the driver was export competitiveness and global demand. That framework has broken down under the weight of U.S.
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