Eurozone Feb PMI to be among the most closely watched figures today - ING

Dhwani Mehta FXStreet

Analysts at the ING bank offer brief insights on what to expect from today’s Eurozone flash manufacturing and services PMI readings due at 0900 GMT.

Key Quotes:

“The Eurozone PMI will be among the most closely watched figures. The r-word has been used out loud already as the January PMI dropped to just 51 (anything below 50 signals contracting activity).

The February PMI will give a sense of if we're going to see a turnaround in growth figures, or whether we will move even closer to stagnation halfway through the first quarter.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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