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Economy in Brief

EMU Sentiment Rises and Sectors Improve
by Robert Brusca  June 29, 2020

The EMU indexes made sharp rebounds in June but are still weak in their respective historic queues of values. Construction has been the relative strongest sector at its 62.1 percentile and nothing else quite close to that. The next strongest reading is from consumer confidence that lies in its 19.6 queue percentile.

The country level percentile standings are also uniformly weak. All but two countries have rebounded month-to-month (Malta and Greece).

The sector rankings by country remain uniformly weak. Construction is consistently strong across countries. Services then industry are the weakest sectors. But the overall EU sentiment reading is the weakest of all because it is the confluence of weakness across sectors that is unprecedented.

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