Search Results: 46
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46 matches for "Advance PMIs":
In one line: A setback, but the composite PMI rose over Q3 as a whole.
In one line: Still grim in manufacturing, but services look ok.
In one line: Not pretty, but short-time work schemes are preventing some permanent layoffs.
In one line: Weak, but not recessionary.
In one line: A strong rebound from the September swoon.
In one line: Still holding up better than the rest.
In one line: Soft, but decent overall.
In one line: Robust, but not a reliable indicator for GDP growth.
In one line: Terrible.
In one line: Still grim, but the second derivative is turning.
In one line: Spared complete embarrassment by resilient services.
In one line: Great headlines, but the details paint a more negative picture.
In one line: The new sick man of Europe.
In one line: Recession all but confirmed; over to you Berlin.
In one line: Soft, but still consistent with decent GDP growth.
In one line: Not bad at all.
In one line: Still ugly.
In one line: A rebound, and from a better level than elsewhere in the EZ.
In one line: The road to recovery begins; we hope.
In one line: Ugly; manufacturing is sinking without a trace.
In one line: Manufacturing still looks terrible, but the remaining headlines are decent.
In one line: Grim; manufacturing enjoyed another "boost" from a tighter supply side.
In one line: Saved by robust services.
In one line: Solid; manufacturing index likely hit by pension reform strikes.
In one line: Not pretty PMIs; money supply details better than the headline.
In one line: Welcome to the house of horror.
In one line: Settling.
In one line: Sobering, but probably not market-moving.
In one line: Slightly underwhelming given the solid headline in France.
In one line: The slow rebound continues.
In one line: Conditions for a slow, but sustained, recovery are in place.
In one line: Solid headlines, but can we trust them?
In one line: Stuck in neutral.
In one line: Soft; strength in France and Germany offset by weakness elsewhere.
In one line: Amber alert.
In one line: The French economy is bucking the trend, to the upside.
In one line: Sinking without a trace, but still not recessionary.
In one line: No relief at the start of Q4.
In one line: A slow rebound is underway.
In one line: Stabilisation complete; now an upturn?
In one line: Covid-19 finally hits EZ consumer sentiment; worse is to come.
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.
Car registrations, French inflation, advance PMIs and a central bank meeting make up today's substantial menu for investors in the euro area.
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.
Yesterday's economic data provided the first glimpse of the crash in EZ sentiment at the start of Q2, ahead of today's more substantial barrage of numbers, including French INSEE data, GfK confidence numbers in Germany and the advance PMIs.
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