Euro-zone composite PMI may have risen further in Feb: Capital Economics
Quotes from Capital Economics:- The euro-zone composite PMI (09.00 GMT)may have risen further in Feb. Jan's rise in the headline composite index was the second in a row and left it at its highest level since last August.…
- The euro-zone composite PMI (09.00 GMT)may have risen further in Feb. Jan's rise in the headline composite index was the second in a row and left it at its highest level since last August. The increase reflected improvements in both the service sector and manufacturing indices.
- As for Feb, the continued weakness of the euro might have served to strengthen manufacturing activity further. And with real incomes and spending receiving a boost from the still low oil price and associated falls in consumer prices, the service sector index may have edged up further too. On balance, we see the headline index rising from 52.6 to around 53.2.
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