European Equity
Investment insights from Capital Group
Services sector bolsters eurozone economy as manufacturing slows
Sources: Haver, S&P Global. As of April 2022. The Eurozone Purchasing Managers' Index (PMI) is a measure of business activity compared to the previous month, based on a survey of around 5,000 companies based in the euro area manufacturing and service sectors. PMI levels above 50 indicate growth and levels below 50 indicate contraction. In 2020, the Services PMI declined to 12.0 and the Manufacturing PMI declined to 18.1, but are not shown on the chart for scale.
Value stocks are running well ahead of growth stocks this year
Sources: Capital Group, MSCI, Refinitive Datastream. Returns reflect cumulative total returns from December 31, 2021, through May 24, 2022.
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