22 Jan 2016
Euro area PMI’s to edge up marginally - Nomura
FXStreet (Delhi) – Research Team at Nomura, expects the euro area composite PMI to edge up marginally to 54.4 in January, with a similar marginal improvement in the manufacturing PMI (to 53.3) and services PMI (to 54.3).
Key Quotes
“The manufacturing PMI is likely to be supported by stronger output, following the acceleration in new (export) orders in the previous month. An outcome in line with our expectations would take January’s level of the composite PMI to a level historically consistent with 0.4% q-o-q GDP growth in Q1.”
Key Quotes
“The manufacturing PMI is likely to be supported by stronger output, following the acceleration in new (export) orders in the previous month. An outcome in line with our expectations would take January’s level of the composite PMI to a level historically consistent with 0.4% q-o-q GDP growth in Q1.”