Macro Pulse EU: Europe’s Factory Recovery Strengthens a Fragile Growth Outlook
European manufacturing activity strengthened entering Q3, supporting a modest improvement in the region’s growth outlook, although weak orders, higher energy prices, and geopolitical uncertainty continue to limit credit market conviction.
In the latest Credit Compass, Gordon Kerr examines Europe’s uneven earnings season, the inflation and margin risks from higher energy costs, and the fiscal credibility test facing Britain’s new government. Listen to Gordon Kerr’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit
European manufacturing strengthened entering Q3, with activity improving across the…
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