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The euro zone's activity grew slightly faster than expected in June, but companies have recorded the highest level of pessimism since the end of 2016, Purchasing (PMI).
Illustration for illustration of euro coins 12 / 12/2011 REUTERS / Tony Gentile
Photo: Reuters
The final composite PMI of the PMI rose from 54.1 in May to 54.9 in June, comfortably above the 50 mark separating growth from contraction
. preliminary forecast of 54.8, but still well below the figures observed at the beginning of the year. The future production index, which accompanies business optimism, fell from 63.7 to 63.4, its lowest level since November 2016.
"The recovery in economic growth and the new price pressures (ECB) that the stimulus is expected to be reduced later this year, but the details of the investigation also justify the cautious stance of the central bank, "said Chris Williamson, chief economist at IHS Markit .
"In particular, the weakening of corporate optimism at lows for more than a year and a half reflects the intensification of nervousness compared to the economic scenario, especially in the industry, with the escalation of the argument of the trade war. "
The industry PMI, released Monday, showed that industry growth in June slowed to a minimum of 18 months.
Service companies were less affected by fears of a trade war. Activity has accelerated, with PMI services going from 53.8 to 55.2 in four months.
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