Europe Leading Indicator

Composite leading indicator for Europe, amplitude adjusted. NSA.

Europe Leading Indicator
  • The Europe Leading Indicator ticked down slightly in November, likely due to new shutdown orders in several European countries.
  • While the tick-down in the Leading Indicator suggests that the current shutdowns may hinder recovery, our current analysis suggests that Phase A, Recovery, in Europe Industrial Production remains probable in early 2021. 
Europe Leading Indicator
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