23 Jun 2014
It is PMI-day in Europe and US today – Danske Bank
FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, underlines the relevance of the PMI releases due today.
Key Quotes
“The main focus today is euro PMIs. We expect the manufacturing PMI to decline further due to the lagged effect of the global slowdown in Q1”.
“On the other hand the service PMI should increase slightly from the current level of 53.2. This should follow as it is mainly driven by domestic demand, which continues to improve”.
“In the US we expect the preliminary version of the Markit PMI index for June to increase as manufacturing production and regional surveys have generally been robust lately”.
Key Quotes
“The main focus today is euro PMIs. We expect the manufacturing PMI to decline further due to the lagged effect of the global slowdown in Q1”.
“On the other hand the service PMI should increase slightly from the current level of 53.2. This should follow as it is mainly driven by domestic demand, which continues to improve”.
“In the US we expect the preliminary version of the Markit PMI index for June to increase as manufacturing production and regional surveys have generally been robust lately”.