24 Mar 2015
Eurozone PMI expected to dip – SG
FXStreet (Barcelona) - The Team at Societe Generale believes that Eurozone composite PMI might show a marginal dip to 53.
Key Quotes
“The French kicked things off with a dip in the composite PMI to 51.7 from 52.2.”
“The Eurozone composite PMI is expected to dip marginally from 53.3 to 53. The consensus forecast looks for an equally small rise to 53.6.”
“Either way, the data show a decent bounce since last Autumn. The bigger question of whether the economic recovery has any legs (or more specifically, is going to be sufficient to change the long-term dynamics of excessive unemployment and vulnerable public finances) remains unanswered.”
Key Quotes
“The French kicked things off with a dip in the composite PMI to 51.7 from 52.2.”
“The Eurozone composite PMI is expected to dip marginally from 53.3 to 53. The consensus forecast looks for an equally small rise to 53.6.”
“Either way, the data show a decent bounce since last Autumn. The bigger question of whether the economic recovery has any legs (or more specifically, is going to be sufficient to change the long-term dynamics of excessive unemployment and vulnerable public finances) remains unanswered.”