Euro area: Preliminary September PMI prints in spotlight – TD Securities

In the view of the analysts at TD Securities, the German manufacturing sector activity could possibly see an upturn in September.  

Key Quotes:

“While Germany's manufacturing PMI has had a rough run this year, we think that the absence of trade war flare-ups over the last few weeks means that there's probably scope for a short-term bounce.

We look for a rise to 44.2, which would make for a 3-month high, although that leaves us slightly less optimistic compared to consensus expectations of 44.5.

For France, the services PMI has been trending in the other direction, and hit a 9-month high in August. We look for a small pull-back to 53.1, essentially in line with consensus.”