Euro-Zone Composite PMI Rises to 49.5 in June as Iran War Fallout Tests Confidence

3 articles · Updated · Bloomberg · Jun 23

49.5 — the euro-zone Composite PMI rose from 48.5 in May, marking a third straight month below the 50 line but a smaller contraction than expected.
49.2 was the Bloomberg-survey forecast, and the upside surprise suggested business activity held up better than feared despite faster inflation and confidence shocks tied to the Iran war.
June’s reading fed optimism that the euro-area economy can absorb the latest geopolitical hit even as private-sector activity remains just short of returning to growth.

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Left67%

Center33%

With the Iran deal on a 60-day knife-edge, is Europe's economic resilience just a temporary illusion?

Can the Euro-zone's minor uptick mask its long-term lag in energy costs and technology against rivals?

Will the new Iran nuclear deal truly secure peace, or does it just postpone an inevitable conflict?