20 Feb 2015
German manufacturing PMI to keep the soft trend intact – TDS
FXStreet (Barcelona) - The TD Securities Team previews today’s Eurozone data releases, expecting German manufacturing PMI to register a decline yet again, and French services PMI to push higher.
Key Quotes
“Germany’s manufacturing has come in at or below expectations every single month since Oct 2013, and we don’t expect to see that trend change now. We look for the PMI to slip from 50.9 to 50.5 in Feb (mkt 51.5), as it continues to bounce around that barely-positive level.”
“The French PMIs have not been quite so one directional, and we look for the services PMI to push 0.4pts higher to 49.8 (mkt 49.4).”
Key Quotes
“Germany’s manufacturing has come in at or below expectations every single month since Oct 2013, and we don’t expect to see that trend change now. We look for the PMI to slip from 50.9 to 50.5 in Feb (mkt 51.5), as it continues to bounce around that barely-positive level.”
“The French PMIs have not been quite so one directional, and we look for the services PMI to push 0.4pts higher to 49.8 (mkt 49.4).”