FAST Indicator: Portugal rises and Spain falls

In Portugal, the FAST (Financial Analyst’s Survey Trends) Indicator, which combines macroeconomic and sector expectations over the next six months, rose fom 25.1 in May to 25.7 in June. However, the indicator remains well in recessionary territory (50 is the zero-growth threshold). In Spain, the FAST Indicator continued to decline to 10.1 after 11.4 in May. Half of the respondents believe Greece will eventually leave the Eurozone.