EZ business cycle is slowing – Nomura

By FXStreet Analysts at Nomura explained that the euro area business cycle remained in Slowdown in April, in line with our leading indicator prediction in March.

Key Quotes:

“However, the probability of the euro area returning to Expansion moved close to 50%, the highest level in four months. This suggests a return to Expansion as early as in May cannot be ruled out.”

“The probability of individual countries moving back/remaining in Expansion also picked up in April with Italy and Germany most likely to be in Expansion in May. On the downside, the probability of France returning to Expansion deteriorated further in April with now only around a 10% chance of the country moving out of Slowdown in May.”
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Source:: FX Street