PMIs in the spotlight in the euro area – Danske Bank

FXStreet (Edinburgh) - Senior Analyst Morten Helt at Danske Bank highlights today’s data releases in the euro bloc.

Key Quotes

“Euro-area service PMIs are due for release and focus will be on the first figure for Spain and Italy”.

“In both countries the service PMIs have been stronger than the indicator for the manufacturing sector, reflecting stronger domestic demand”.

“Both the Italian and Spanish figures are expected to decline but they should remain stronger than the manufacturing PMIs”.