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2022/08/19 / Erste Group Research

EZ – PMI data for August in focus

Next week, a first flash estimate of the PMI for the Eurozone, Germany and France in August will be published. Sentiment deteriorated surprisingly sharply in July.

A dry August so far has caused low water levels on important rivers in Europe. This is likely to have multiple negative impacts on business sentiment in August. On one hand, the lack of water is affecting European power production negatively, which has caused the wholesale price of electricity to rise by a further 40% so far in August. On the other hand, low river levels are affecting inland transport shipping, putting the supply of key raw materials to industry at risk.


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General information

AuthorErste Group Research
Date2022/08/19
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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