|2022/11/18 / Erste Group Research|
Uncertainty for the growth outlook remains high
Next week (November 23), the first flash estimate of Eurozone PMI data for November will be published. For November, we expect a further slight weakening of business sentiment in the Eurozone.
The EU’s monthly indicator for economic uncertainty rose slightly again in October and is gradually approaching the highs recorded at the outbreak of the Covid-pandemic in March 2020. Companies are therefore currently acting with corresponding caution and restraint in their personnel planning and investments.
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|Author||Erste Group Research|
|Product name||Week ahead|
|Topic in focus||Macro/ Fixed income|
|Economy in focus||Eurozone, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||-|
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