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🇪🇺 Eurozone PMIs hit a nine-month high, but Germany's GDP says otherwise
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🇪🇺 Eurozone PMIs hit a nine-month high, but Germany's GDP says otherwise

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Eurozone composite PMI hit a nine-month high of 52.1 in August. German Q2 GDP growth slowed to 0.2% quarter-on-quarter, widening the gap between survey optimism and hard data ahead of the European Central Bank's September meeting.

Line chart of S&P Global Eurozone Manufacturing PMI from 2016–2026, with a 2020 plunge and gradual rise back above 50 in recent years.
Schwab's Kevin Gordon flags eurozone factory activity at a multi-year high in August, with employment edging up after a 38-month stretch of net job losses. Source

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