Societe Generale notes its forecast on Euro-aread PMI as follows: We expect the euro-area manufacturing PMI to increase from 51 to 51.5 in March. Conversely, the PMI for the services sector should decrease from 53.7 to 5…
Societe Generale notes its forecast on Euro-aread PMI as follows:
We expect the euro-area manufacturing PMI to increase from 51 to 51.5 in March.
Conversely, the PMI for the services sector should decrease from 53.7 to 52.9 in March. This would mainly stem from a catch-up effect after the significant and unexpected rise recorded last month(from 52.7 to 53.7).
Historically, such PMI levels (both for the manufacturing and the services sector) have been consistent with GDP growth close to 0.3% qoq, slightly below our forecast of 0.4% qoq in Q1 2015. We thus anticipate additional improvements in the coming months.
Looking at the regional breakdown, the French manufacturing PMI should increase significantly from 47.6 to 49.0 in March while the PMI for the services sector is expected to decrease from 53.4 to 51.0.
Both will largely be due to the catch-up effect after the unexpected and unexplained figures recorded in February.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
