Eurozone: Focus on PMIs data – Danske Bank

Analysts at Danske Bank point out that in the euro area, the preliminary PMI figures for January are due for release and will be a key economic release for today’s session.

Key Quotes

“Both manufacturing and service PMIs rose yet again in December, climbing to 60.6 and 56.6 respectively. Activity remains high in the euro area and we expect the PMIs to remain at high levels. However, in line with the decline observed in IFO expectations in December, we believe January's PMI will show a decline. We estimate manufacturing PMI at 60.1 and service PMI at 56.2.”