Eurozone: Manufacturing PMI likely to print 50.7 in January – Danske Bank

Analysts at Danske Bank point out that in terms of data releases, preliminary PMIs for euro area and US are due out and are going to be the key economic releases for the day.

Key Quotes

“In euro area, we expect the manufacturing PMI to have fallen further to 50.7 in January. Beyond headwinds from the German car industry and political risks in France, we think there are downside risks due to ongoing weakness in China, as well as weak external demand and fragile risk sentiments in financial markets.”