+ Continued weak euro exchange rate against the dollar benefits EU exporters.
± Falling commodity prices (oil in particular) will boost growth, reduce costs for EU manufacturers and benefit consumers. At the same time it is harmful to the EU extractive industry and the renewable energy industry, possibly also to the overall level of investment in the EU.
- Doubts over the future of the euro area dampen business confidence and economic activity.
+ In several manufacturing sectors the overall short-term outlook is positive.