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19 Feb 2016
Key data for the EZ newxt week - TDS
Analysts at TD Securities noted the forthcoming data for the EZ next week.
Key Quotes:
"Flash PMIs for February likely showed a mixed picture. Against consensus, we expect a decline in the German manufacturing PMI on continued slow momentum in the manufacturing industry, while we anticipate a stronger improvement in the France services PMI as it continues to edge away from 50.
Advance inflation releases for Germany and France likely showed a sharp drop in inflation momentum, with German CPI dropping to 0.0% y/y and French CPI falling to 0.1% y/y. This is mainly driven by base effects, with pump prices suggesting an increase in Feb ’16 energy prices in contrast with a decline in Feb ’15 energy prices."
Key Quotes:
"Flash PMIs for February likely showed a mixed picture. Against consensus, we expect a decline in the German manufacturing PMI on continued slow momentum in the manufacturing industry, while we anticipate a stronger improvement in the France services PMI as it continues to edge away from 50.
Advance inflation releases for Germany and France likely showed a sharp drop in inflation momentum, with German CPI dropping to 0.0% y/y and French CPI falling to 0.1% y/y. This is mainly driven by base effects, with pump prices suggesting an increase in Feb ’16 energy prices in contrast with a decline in Feb ’15 energy prices."