FAST Indicator continues to rise

The FAST® (Financial Analyst’s Survey Trend) Indicator, which combines macroeconomic and sector expectations over the next six months, rose in May. In Portugal it rose to 46.1 points, up from 41.2 but still below the zero-growth threshold of 50. Spain has improved from 31.8 to 33.6. Should its rate of change remain similar to that of the last few months, the indicator would cross the zero-growth threshold by July in the case of Portugal, and by September in the case of Spain.