20 Feb 2015
Eurozone PMIs expected to match consensus – KBC
FXStreet (Barcelona) - The KBC Bank Team retains the consensus forecasts for Eurozone PMIs, expecting the limited push to arise from the halted decline in EUR and rebound in energy prices.
Key Quotes
“Today’s eco calendar contains EMU PMI’s in the morning, but they risk to be overshadowed by the Euro group meeting.”
“Since the trough in November, PMI business confidence improved very gradually. Lower energy prices, a weaker euro and upcoming QE were certainly positive factors.”
“While energy prices recently pick-up and the decline of the euro halted, consensus still expect a further limited improvement in PMI’s.”
“The overall composite index is expected at 53, up from 52.6, with similar increases expected in both the services and manufacturing sub-indices.”.
Key Quotes
“Today’s eco calendar contains EMU PMI’s in the morning, but they risk to be overshadowed by the Euro group meeting.”
“Since the trough in November, PMI business confidence improved very gradually. Lower energy prices, a weaker euro and upcoming QE were certainly positive factors.”
“While energy prices recently pick-up and the decline of the euro halted, consensus still expect a further limited improvement in PMI’s.”
“The overall composite index is expected at 53, up from 52.6, with similar increases expected in both the services and manufacturing sub-indices.”.