Eurozone PMIs in focus this week – BBH

Research Team at BBH, suggests that the flash Eurozone PMIs will be reported Tuesday.

Key Quotes

“The record of the recent ECB meeting was not very informative.  In addition to playing down shortages of bonds that it must buy under its QE program, there were two points that seemed to be important for what to expect next month.  First, there was broad agreement that the downside economic risks had increased, and second, it was noted with concern that the underlying trend of inflation was not rising. 

The Eurozone composite PMI has been unusually steady.  It has been between 53.0 and 53.2 since February.  The July print was 53.2 but is expected remain within the range in August. 

Elsewhere, Germany reports Q2 GDP breakdown on Wednesday, and then the August IFO survey on Thursday and September GfK on Friday.”