Eurozone: PMIs and unemployment data in the limelight today – Danske Bank

Research Team at Danske Bank suggests that in the euro area, it is today time for unemployment and PMIs for both for single countries and the Eurozone and in general, consensus is looking for a consolidation at an already high level.

Key Quotes

“If anything, the risk is also skewed to the downside in Europe as in the US. The unemployment figure for February is also due for release today. From its January level of 9.6%, we estimate unemployment fell to 9.5%, continuing its steady decline since 2013. Business sentiment suggests that unemployment will continue declining as the PMI employment indicator, especially within services, showed strength in January and February.”