Eurozone: Focus on PMIs data – Danske Bank

In the euro area, February’s PMI figures are due for release and will be keenly awaited by investors, according to analysts at Danske Bank.

Key Quotes

“Manufacturing PMI saw a large fall to 59.6 in January and the leading order-inventory indicator has been declining since October 2017, pointing towards lower manufacturing output in the near future, while the extremely high optimism for the manufacturing sector is likely to be exhausted and head to lower levels. We expect manufacturing PMI to be 59. 3 in February and believe that service PMI is also set for a similar decline to 57.6.”