FAST Indicator edges down in Portugal and in Spain

In Portugal, the FAST (Financial Analyst’s Survey Trends) Indicator, which combines macroeconomic and sector expectations over the next six months, declined from 25.7 to 23.6. In Spain, the FAST Indicator  continued to decline to 9.3 in July after 10.1 in June. This month´s results are published against a backdrop of increased uncertainty about Spain’s ability to avoid a full bailout. In this month’s special question, a large share of analysts expect the recent ECB rate cut to have little impact on the economic outlook.