Eurozone: Manufacturing PMI likely to print 52.7 in November - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that today flash November PMIs are released in the Eurozone and they expect rebounding activity in the German auto sector to lead the Manufacturing PMI higher there to 52.7.

Key Quotes

“French sentiment deteriorates more than expected to 54.5 on the back of weak consumer confidence and declining equity. A downside miss to consensus in Germany would be worrying, suggesting that growth prospects in the euro area are on a weaker trend and not as closely related to auto sector volatility as previously thought. ECB Vice President de Guindos speaks at noon.”

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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