In the euro zone and in Germany, the virus weighs on the recovery

2020-08-27T16:13:12.686Z

The economic rebound expected after the contraction recorded in the spring was ultimately not observed.The economic recovery in the euro zone promises to be disparate, more chaotic and slower than expected. That's the lesson experts are taking from the latest PMI indices, released last week, which measure business confidence and prospects. The PMI index " fell sharply in August in the euro zone, disappointing the expectations of the consensus " of economists, points out Moritz Degler, of the analys...

The economic recovery in the euro zone promises to be disparate, more chaotic and slower than expected. That's the lesson experts are taking from the latest PMI indices, released last week, which measure business confidence and prospects. The PMI index " fell sharply in August in the euro zone, disappointing the expectations of the consensus " of economists, points out Moritz Degler, of the analysis firm Oxford Economics. “ This confirms our concerns about a slowdown in the recovery, ” he continues.

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The PMI indices are " to be taken with caution given the small size of the sample, which, in this very particular crisis, does not perhaps sufficiently represent the diversity of sectors and the size of companies" , nuance of its François Cabau side, at Barclays. “ After the strong contraction observed in the spring, we could have expected at least a month of very strong rebound. However, it has not been observed. "