Euro Area : the recovery gets traction

The recovery is well engaged in the euro area. Eurostat indicated May 13 that the economy continued to grow during the first quarter of 2015. Its real GDP increased by 0.4%, an heighth consecutive quarter of growth. Moreover, the Purchasing Manager Index (PMI) for the area shows that the economy continued to expand last April. Leading indicators from the Conference Board and the OECD point to the continuation of the recovery in the coming months.

OECD leading indicators: moderate growth for the world economy in the coming months

The OECD composite leading indicators, published May 12, point to a "positive change in growth momentum" for the euro area and stable growth for Japan, the United Kingdom and India. However, for China, the United States and Canada they show an "easing growth" scenario. Globally, like the Purchasing Managers' Indexes, they let believe that the world economy grows at a moderate pace these days and that this trend will continue in the coming months.


Link to the OECD May 12 press release:
http://www.oecd.org/std/leading-indicators/composite-leading-indicators-cli-oecd-may-2015.htm

World Economy : Moderate Growth

The J.P. Morgan Global Manufacturing & Services PMI recent evolution lets believe that the world economy is expanding at a moderate pace these days.

Link to Markit Economics May 6 press release:

http://www.markiteconomics.com/Survey/PressRelease.mvc/8554b240eda74a019242005c06c2b843