Eurozone composite PMI to fall to 54.5 in April - Nomura

Sandeep Kanihama FXStreet Contributor

Analysts at Nomura expect the euro area composite PMI to fall to 54.5 in April, from 55.2 in March.

Key Quotes

“At the sector level, we expect the regional manufacturing PMI to decline to 55.8, from 56.6, and the services PMI to drop to 54.4, from 54.9. Strikes in Germany and France have acted as a drag on economic activity, and heightened uncertainty about protectionism has weighed on market sentiment. Nevertheless, we note that the overall level of these indicators is likely to remain high. Further, we expect some rebound in coming months as some of these recent and temporary restraints reverse.”

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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