In line with Pictet’s expectations for slower regional growth in the second half of the year, the IHS Markit flash composite Purchasing Managers’ Index (PMI) for the euro area slowed to 57.5 in February, down from 58.8 in January. This fell short of market consensus expectations of 58.4. The bank forecasts euro area GDP growth of 2.3% in 2018, compared…
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