Europe is no longer falling behind!

Geert Van Herck

Geert Van Herck

Chief Strategist KEYPRIVATE

Recently, a number of doomsday reports have appeared about the state of the European economy in general and the German economy in particular. However, this recent graph of European producer confidence tells a different story.

graph of the week may

Source: JP Morgan, S&P Global PMI

When producer confidence breaks above the level of 50 points, then we are looking at an expansion of economic activity. Below this threshold, we are looking at contraction. It is clear that after a few difficult years, the European economy is now evidently in better shape, especially in the services and industrial sectors.

Pessimism about Europe therefore seems to be a long way off the mark.

This article does not contain any investment advice or recommendation, nor a financial analysis. Nothing in this article may be construed as information with a contractual value of any sort whatsoever. This article is intended for information only and does not constitute in any way a commercialization of financial products. Keytrade Bank cannot be held liable for any decision made based on the information contained in this article, nor for its use by third parties. Every investment entails risks such as a possible loss of capital. Before investing in financial instruments, please inform yourself properly and read carefully the document "Overview of the principal characteristics and risks of financial instruments" that you can find in the Document centre.

Other articles that might interest you