“The Asia and Europe purchasing director indices paint an optimistic picture of global economic growth, in contrast to recent investor fears. Japan and Australian SMEs returned to expansionary levels above 50, in line with declining prices. cases of contagion and easing of closures. The German composite PMI fell to an 8-month low at 52, well below expectations as supply chain disruptions dragged the services sector down. But that’s it. was balanced by a surprise to the upside in the United Kingdom (56.8) and by the resistance of France (54.7) “. So Ben Laidler, eToro’s global markets strategist, analyzing today’s data on SMEs.
These investigations, the expert explains, are a timely check on the health of the global economic recovery. They paint a picture of economic growth’s resistance to inflation and supply chain fears. “This supports the prospects for strong corporate earnings and our positive outlook on the equity markets,” concludes Laidler.