Eurozone: Economy appears to be accelerating in Q3 - BBH

Research Team at BBH, suggests that the Eurozone economy appears to be accelerating in Q3 as yesterday’s flash composite PMI reading (53.7) is the highest of the year and well above the Q3 average of 52.9. 

Key Quotes

“The rise in October (from 52.6 in September, which matched the lowest since January 2015) was the largest in 22 months. On the other hand, the collective budget deficit of Eurozone members fell to an eight-year low in Q2.  The shortfall was 1.5% of the collective GDP, down from 2.1% in Q2 15.  The total government debt declined to 91.2% from 92.1% Q2 15.”