Eurozone: PMIs in the limelight – Danske Bank

Research Team at Danske Bank, suggests that in the euro area today, we will get PMI figures for October.

Key Quotes

“The economic survey data has been resilient to the UK's vote to leave the EU and, although it seems more likely that we will end up with a 'hard' Brexit, we expect a stronger manufacturing PMI. The order-inventory balance, which is usually a good leading indicator for the manufacturing index, was very strong in September, pointing to a large jump in the manufacturing figure. The services PMI on the other hand has trended down in 2016 but a recent stabilisation in the future business expectations index suggests it will remain around the current level.”