2025 Marketing & Communication Strategy

02. MACROECONOMICS & STRATEGY

Ambiguous growth: industry weak, services diverge between zones

Business morale in the industrial sector

Business morale in the services sector

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Chart Title

Chart Title

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01-23 04-23 07-23 10-23 01-24 04-24 07-24 10-24

07-23

10-23

01-24

04-24

07-24

10-24

S&P Global PMI Manufacturing - Eurozone

S&P Global PMI Services - Eurozone

S&P Global PMI Manufacturing - United States

S&Pglobal PMI Services - United States

Public

Sources: Macrobond, Rothschild & Co Asset Management – 12/2024 This presentation contains historical market data. Historical market trends are not a reliable indicator of future market behaviour. These data are provided for illustrative purposes only. Depending on the date of publication, the information presented may differ from the updated data.

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