Bert Colijn, senior economist at ING, notes that the Eurozone’s composite PMI declined from 51.9 to 51.3 in March, which gives little hope of growth recovery in the first quarter. Key Quotes “Businesses continue to indicate that new orders have weakened, which mainly stems from export orders declining at a worrying pace. Factors such as the trade conflict between the US and China, possible tariffs on the auto sector and Brexit impact global growth and weigh on new orders coming in. Employment growth slowed on the back of this as businesses see output grow at a weaker pace.” “The decline in the German PMI is worrisome as it indicates that the bottom has not yet been found. While services are holding up nicely, the manufacturing downturn is deepening, according to the German manufacturing PMI.” “The downturn in France indicates that the Q1 bounce back from the ‘yellow vest’ disruptions may be more limited than initially thought.” “Today’s PMI indicates that GDP growth is unlikely to have bounced back in Q1.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next SNB’s Maechler: Diversification is the best fx reserve risk management tool FX Street 4 years Bert Colijn, senior economist at ING, notes that the Eurozone's composite PMI declined from 51.9 to 51.3 in March, which gives little hope of growth recovery in the first quarter. Key Quotes "Businesses continue to indicate that new orders have weakened, which mainly stems from export orders declining at a worrying pace. Factors such as the trade conflict between the US and China, possible tariffs on the auto sector and Brexit impact global growth and weigh on new orders coming in. Employment growth slowed on the back of this as businesses see output grow at a weaker pace." "The decline… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
