1. Newsroom
  2. Decreasing business sentiment in manufacturing reflects rising concerns on trade
Menu
Market insight 22.06.2018

Decreasing business sentiment in manufacturing reflects rising concerns on trade

Decreasing business sentiment in manufacturing reflects rising concerns on trade

US: Markit Manufacturing PMI (June): 54.6 vs 56.1 expected (prior: 56.4)

  • A sharp fall in new orders has driven the index lower than expected; as seen in the eurozone, this could reflect rising concerns from the trade policy and the risks of protectionism.

 

US: Markit Services PMI (June): 56.5 as expected (prior: 56.8)

  • Sentiment has eroded from past month, but was in line with expectations.

 

Eurozone: PMI Manufacturing (June): 55 as expected (prior: 55.5)

  • Flash estimate index has weakened further from the prior month; this fall probably reflects rising concerns over trade dispute and related lower prospects on exports.

 

Eurozone: PMI Services (June): 55 vs 53.8 expected (prior: 53.8)

  • Sentiment has rebounded in services from the prior month.
  • Combined services and manufacturing index has slightly rebounded from the prior month, offering hopes of a stabilization of the eurozone activity during Q2 if concerns on trade ease somewhat.

 

Poland: M3 (May): 1.3% m/m vs 0.7% expected (prior: 0.2%)

  • M3 was up by 6.6% y/y from 5.7% y/y the prior month.


Newsletter

Sign up to receive UBP’s latest news & investment insights directly in your inbox

Click and enter your email address to subscribe

Investimenti responsabili

Creare valore con investimenti responsabili

Maggiori informazioni sugli investimenti responsabili

Guardate il video

Le news più lette

UBP in the press 22.06.2018

Eric Morin reveals the bank's fierce ambition to thrive in Asia

Asian banking & finance (14.06.2018) - In this exclusive interview with Asian Banking & Finance, Eric discusses the bank's growth targets, its competition and biggest challenges, and what makes it different compared to local Asian private banks.

UBP in the press 19.06.2018

Geneva private bank UBP expands in Zurich

NZZ am Sonntag (17.06.18) - By Daniel Hug and Albert Steck.

Union Bancaire Privée has doubled the assets it has under management in Zurich in five years. CEO Guy de Picciotto wants free access to the EU market, which he can currently only gain indirectly.

UBP in the press 12.06.2018

UBP's takeover of Banque Carnegie

The Luxembourg Times (05.06.18) spoke to Michel Longhini, CEO of private banking at UBP, about the acquisition, the strategy in Luxembourg and the potential for more takeovers.

Altro da leggere

UBP in the press 22.06.2018

Eric Morin reveals the bank's fierce ambition to thrive in Asia

Asian banking & finance (14.06.2018) - In this exclusive interview with Asian Banking & Finance, Eric discusses the bank's growth targets, its competition and biggest challenges, and what makes it different compared to local Asian private banks.

UBP in the press 19.06.2018

Geneva private bank UBP expands in Zurich

NZZ am Sonntag (17.06.18) - By Daniel Hug and Albert Steck.

Union Bancaire Privée has doubled the assets it has under management in Zurich in five years. CEO Guy de Picciotto wants free access to the EU market, which he can currently only gain indirectly.

UBP in the press 12.06.2018

UBP's takeover of Banque Carnegie

The Luxembourg Times (05.06.18) spoke to Michel Longhini, CEO of private banking at UBP, about the acquisition, the strategy in Luxembourg and the potential for more takeovers.