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Short-term Negatives from PMIs Do Not Cause ECB to Change Course

Preliminary readings of the PMIs for business activity in the euro area generally revealed a worse-than-expected deterioration. According to the composite index, the last time the euro area industry suffered this badly was in 2008-2009, when the economy was in a sharp downturn. The persistent decline in manufacturing activity since the beginning of the year […] The post Short-term Negatives from PMIs Do Not Cause ECB to Change Course appeared first on Action Forex... Read More

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Pmis

Cause

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Course

Short term

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Posted: May 23 2023, 13:12

Author Name: actionforex

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