HFXE - European Growth Concerns Deepen
By Bill Witherell, Ph.D.
The latest economic indicators reveal that the economic slowdown in Europe persists. President Draghi of the European Central Bank (ECB) has underlined the continued weakness, expectations for softer near-term growth and downside risks. The International Monetary Fund ((IMF)) has lowered its economic projections for the euro area. Political uncertainties in Europe add to the headwinds affecting investor sentiment.
The HIS Markit Flash Euro Area Composite Purchasing Managers' Index ((PMI)), which combines manufacturing and service sector data, fell to 50.7 for January, following a reading of 51.7 in December. The January mark