Eurozone

摘要

After solid 2.2% q/q expansion in Q2, we expect the economy to continue growing at a strong pace in Q3 at just below 2% q/q. After the multi‐year highs reached in previous months, some monthly indicators such as the ESI and the PMIs have started to normalise. But so far this should not be seen as a worrying sign for the shortterm outlook, as alternative indicators continue to point to another solid quarter for Q3.