Eurozone: August flash PMI were generally in line with consensus - TDS

Analysts at TD Securities suggest that this morning's August flash PMI estimates were generally in line with consensus on average, but with better services outcomes and disappointing manufacturing data for both France and Germany.

Key Quotes

“We had expected the Trump-Juncker deal, which delayed the prospects for auto tariffs, to provide a larger lift to manufacturing sentiment, but both the French and German survey reports mentioned growing concerns about rising input price pressures instead.”