Dynamics for European sales volumes and product issuance in 2024 showed a strong start followed by moderated performance later in the year.
The market achieved robust growth in Q1 2024, with sales volumes rising to US$74.8 billion, reflecting a significant improvement compared to US$50.1 billion in Q4 2023. This quarter-on-quarter (QoQ) increase of approximately 49% highlights a strong beginning to the year. Similarly, the number of products surged to 87,248 , up from 59,802 in Q4 2023, showing increased activity in issuance. In Q3 2024, the market experienced a noticeable slowdown. Sales volumes decreased to US$50.8 billion, a 32