Eurozone: Composite PMI likely to climb to 55.3 in May - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura expect the euro area composite PMI for May to climb to 55.3 from 55.1 in April.

Key Quotes

“At the sector level, we expect the regional manufacturing PMI to increase to 56.4 from 56.2 and the services PMI to increase to 54.9 from 54.7. Recent restraints on activity such as strikes and poor weather should reverse and more favourable financial market conditions should also improve sentiment.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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