EURO ZONE

摘要

ECB Stance Softens as Sentiment Indicators Waver November data showed machinery orders rising from 2.5% (m-o-m) in October to 2.7%, boosted by a 7.3% surge in transport equipment. However, excluding transport, total orders registered a 0.6% (m-o-m) rise, underscoring some softness in investment and production fundamentals. Forward-looking sentiment indicators like January's PMI for manufacturing suggest ongoing resilience in the sector, but the services PMI has painted a weaker picture of GDP growth, forecasts for which have fallen this month.