Eurozone’s PMIs set to improve in May – Unicredit

Research Team at Unicredit, expects both the Eurozone’s manufacturing and services PMIs to improve in May, with the composite component shifting to 53.3 from 53.0, a level consistent with 1.6% annualized GDP growth.

Key Quotes

“Although the Brexit referendum may weigh on confidence in the weeks leading up to the vote, for the time being, we expect the recovery in the Eurozone to be unaffected and to proceed at a respectable pace.”