24 Jul 2015
PMIs take centre stage in the euro area – Danske Bank
FXStreet (Edinburgh) - Analyst Kristoffer Lomholt at Danske Bank noted today’s key releases in Euroland.
Key Quotes
“Today’s calendar is dominated by PMI releases”.
“In the euro area we expect both the manufacturing and the service PMI to have fallen slightly from elevated levels”.
“The oil price collapse was a significant tailwind for the eurozone at the end of 2014 and the beginning of 2015 and with the Q2 rebound in the oil price it is natural with a slowdown”.
“We do, however, expect the slowdown in the manufacturing and service sector to prove temporary as we expect a rise in exports and investment to drive the eurozone recovery in H2”.
Key Quotes
“Today’s calendar is dominated by PMI releases”.
“In the euro area we expect both the manufacturing and the service PMI to have fallen slightly from elevated levels”.
“The oil price collapse was a significant tailwind for the eurozone at the end of 2014 and the beginning of 2015 and with the Q2 rebound in the oil price it is natural with a slowdown”.
“We do, however, expect the slowdown in the manufacturing and service sector to prove temporary as we expect a rise in exports and investment to drive the eurozone recovery in H2”.