FAST Indicator falls in March


The FAST® (Financial Analyst’s Survey Trend) Indicator, which combines macroeconomic and sector expectations over the next six months, fell in March. In Portugal, the indicator fell to 35.7 and in Spain it fell to 30.1. Though the indicator remains below 50, the zero-growth threshold, pointing to continued recession in both countries, it also suggests that recession is becoming milder, especially in Portugal, as its trend is decidedly upwards. This month, the indicator may have been slightly affected by the crisis in Cyprus, given that the last responses to the survey were received on the 19th March.