Advertise On EU-Digest

Anual Advertising Rates

3/30/17

European Economic Outlook: 7 Reasons To Be Bullish On Emerging Europe-by Frank Holmes

For the month of March, the preliminary purchasing manager’s index (PMI) for the eurozone reached 56.7, its highest reading since April 2011. Significant gains were made in new work and backlogs of work, employment and service sector job creation.

For the month of February, the Economic Sentiment Indicator (ESI)—which measures industrial confidence, services confidence, consumer confidence, construction confidence and retail trade confidence—posted a score of 108, safely above its 26-year average of 100.

When Western Europe is performing well, Eastern Europe typically benefits by proxy, as the latter exports to the West. With a thriving manufacturing industry that’s attracted top international corporations such as Mercedes-Benz, GM, Audi, Bosch, Lego and NestlĂ©, just to name a few, Hungary led all others in February, posting a PMI of 59.5.

Mediterranean sea arrivals into Europe have fallen to 2,731 a month, from a high of 220,000 in October 2015. This is important because concerns of immigration and terrorism have largely driven recent secessionist and anti-European Union sentiment, most notably among far-right hopefuls such as the Netherlands’ Geert Wilders and France’s Marie Le Pen.

refugee-crisis-is-an-overstated-risk-03272017-lg

 To read the complete report click here: 7 Reasons To Be Bullish On Emerging Europe

No comments: