The pessimism among businesses and consumers has eased
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Economy Watch | Europe

Monthly updates on the state of the economy in Europe

The pessimism among businesses and consumers has eased


March 13, 2019 | Report

The PMI for manufacturing fell below 50, while the PMI for services increased for the second consecutive month. Retail trade growth rebounded in February. The slowdown of the Euro Area economy pauses, and the forecast for GDP for 2019 remains 1.5 percent. Could Brexit lead to a downward revision for Europe as a whole? A disorderly Brexit would certainly be a shock, yet it should not derail growth substantially in the Euro Area.


AUTHOR

IlariaMaselli

Former Senior Economist
The Conference Board


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