European Economics

European Data Response

14 December, 2018

Euro-zone Flash PMIs (Dec.)

December’s fall in the euro-zone Composite PMI was almost entirely driven by a sharp drop in France, perhaps suggesting that the ‘gilets jaunes’ protests have had a serious economic effect. But even if France’s PMI bounces back as the effects of the protests fade, the euro-zone economy has clearly shifted down a gear and looks set to grow at a more moderate pace next year.

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