Something for your Espresso: Reckoning week for the Euro area
PMIs and inflation details will be revealed in the Euro area this week. Will the Euro area developments start to mirror those in the US?
Morning from Europe!
It’s a week of reckoning for the Euro area. Preliminary PMIs are out on Thursday alongside the much-awaited details on inflation.
The German economy is starting to show a few signs of life. The truck toll mileage has improved, while the electricity consumption has surprised positively since New Years.
The probability of a decent rebound in the German Manufacturing PMI is high this week as consensus only looks for a moderate rebound.
Chart 1: Germany is starting to rebound in high frequent indicators
PMIs and inflation details will be revealed in the Euro area this week. Will the Euro area developments start to mirror those in the US?
0 Comments