European Leading Indicators | Expansionary PMIs, increased SWF activity

Here we look at the European leading indicators in the world of economics.

For in-depth analysis into commodities, trade, equities and more with a focus on Europe

Key Insights:

• The Eurozone Composite PMI extended its rise in August, reaching 51. Notably, the Manufacturing PMI climbed above the neutral 50 threshold and surpassed the Services PMI for the first time in over three years, signalling renewed momentum in the sector.
• Sovereign Wealth Fund (SWF) investment into Europe (excl. UK) in H1 2025 was €2.7bn, exceeding three times 2024’s full-year total, according to MSCI Real Capital Analytics. The surge reflects the faster return of long-term, less leveraged capital to the market as private equity saw a relatively quieter period.
• 5 of the top 10 locations of the Knight Frank Tech for Good Opportunities Index are in Europe. The index signifies a country’s readiness and commitment to advancing healthcare through technology, making it an attractive destination for healthcare real estate investment.