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2021/04/16 / Erste Group Research

Is the mood among Eurozone service providers brightening further?

Next week's meeting of the Governing Council will not bring any new decisions. The focus should be on further statements on the objective of ensuring favorable financing conditions.

The first flash estimate of purchasing manager sentiment in the Eurozone, Germany and France for April will hardly show further improvement in the manufacturing sector after the multi-year highs in March. In the services sector, however, further slight brightening of sentiment is possible.

With the presentation of the financing plan for the Next Generation EU recovery plan this week, preparations are underway within the EU for a historic stimulus package. However, the European package is not yet fully on track. For this to happen, all national parliaments must ratify the Own Resources Decision, which regulates joint borrowing. In Germany, however, it is now in the hands of the judges of the Federal Constitutional Court;

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General information

AuthorErste Group Research
Date2021/04/16
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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