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12 matches for "Advance PMIs":
In one line: Ugly; manufacturing is sinking without a trace.
In one line: Still grim in manufacturing, but services look ok.
In one line: Manufacturing still looks terrible, but the remaining headlines are decent.
In one line: Soft, but still consistent with decent GDP growth.
In one line: Not bad at all.
In one line: Robust, but not a reliable indicator for GDP growth.
In one line: Stabilisation complete; now an upturn?
In one line: Not pretty PMIs; money supply details better than the headline.
Today's data dump will deliver the advance PMIs and the French INSEE business sentiment indices for February, all of which will be examined closely for signs of stabilisation in the wake of recent evidence that EZ growth is slowing quicker than markets and the ECB have been expecting.
Swoons in EZ investor sentiment are not always reliable leading indicators for the economic surveys, but it is fair to say that risks for today's advance PMIs are tilted to the downside, following the dreadful Sentix and ZEW headlines earlier this month.
Expectations that the ECB will respond to weakening growth in China with Additional stimulus mean that survey data will be under particular scrutiny this week. The consensus thinks the Chinese manufacturing PMI--released overnight--will remain weak, but advance PMIs in the Eurozone should confirm that the cyclical recovery remained firm in Q3. We think the composite PMI edged slightly lower to 54.0 in September from 54.3 in August, consistent with real GDP growth of about 0.4% quarter-on-quarter in Q3.
Car registrations, French inflation, advance PMIs and a central bank meeting make up today's substantial menu for investors in the euro area.
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