Euro area PMI’s to edge up marginally - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Delhi) – Research Team at Nomura, expects the euro area composite PMI to edge up marginally to 54.4 in January, with a similar marginal improvement in the manufacturing PMI (to 53.3) and services PMI (to 54.3).

    Key Quotes

    “The manufacturing PMI is likely to be supported by stronger output, following the acceleration in new (export) orders in the previous month. An outcome in line with our expectations would take January’s level of the composite PMI to a level historically consistent with 0.4% q-o-q GDP growth in Q1.”
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