The pessimism among businesses and consumers has eased | The Conference Board
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The pessimism among businesses and consumers has eased


March 2019 | Economy Watch Reports

The PMI for manufacturing fell below 50, while the PMI for services increased for the second consecutive month. Retail trade growth rebounded in February. The slowdown of the Euro Area economy pauses, and the forecast for GDP for 2019 remains 1.5 percent. Could Brexit lead to a downward revision for Europe as a whole? A disorderly Brexit would certainly be a shock, yet it should not derail growth substantially in the Euro Area.


AUTHOR

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Ilaria Maselli

Senior Economist
The Conference Board


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