EU S&P Global Composite PMI Flash (Apr) 48.6 (Prev. 50.7, Low. 49.5, High. 51); “If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".
- “If the Covid-19 pandemic is excluded, this is the biggest surge in cost pressures that we have recorded since 2000".
- "The euro zone is facing deepening economic woes from the war in the Middle East, presenting a major headache for policymakers"
- "Increasingly widespread supply shortages meanwhile threaten to dampen growth further while adding more upward pressure to prices in the coming weeks".
Context
The EU S&P Global Composite PMI flash reading of 48.6 marks a significant drop from the previous 50.7, signaling economic contraction. The notable surge in cost pressures, the highest since 2000 excluding the pandemic, indicates that supply shortages are affecting growth and sustaining inflationary pressures. This poses challenges for policymakers as they navigate an increasingly complex economic landscape, likely impacting monetary policy and market sentiment in the near term.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#DATA#IMPORTANT#FOREX#EU SESSION#PURCHASING MANAGER INDEX#EU DATA