Skip to main content

Divergences widen

Some of the euro-zone’s survey indicators have ticked up in the past month. However, they almost unanimously warn of a renewed recession in the region, with the composite PMI, for example, pointing to quarterly falls in euro-zone GDP of nearly 1%. What’s more, country divergences have widened. While German survey indicators remain relatively resilient, those in much of the periphery have weakened further from already low levels. Meanwhile, Spanish unemployment has continued to soar while that in Germany has fallen.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access