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Is the Eurozone Slowdown Over?

The slowdown in the eurozone could be over, according to our emerging Europe research analyst Joanna Sawicka. Eurozone manufacturing PMI peaked in December 2017 and has since contracted. However, a small pickup in PMI in April and two big geopolitical resolutions could prove to be positive for the region’s long-term growth. A possible end to the U.S. and China trade war should be forthcoming and positive for the region, as China is the eurozone’s largest trading partner. Secondly, the extension of the Brexit deadline makes it less likely that the U.K. will exit the European Union without a deal in place, which would be negative.

For Joanna’s full explanation, watch the video below!

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.