Germany: Manufacturing PMI likely to bounce higher in December – TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities think that Germany's manufacturing PMI can bounce a bit higher again in December, though with a smaller improvement than the outsized 2.0pt gain last month.

Key Quotes

“We look for the PMI to rise to 45.0 in December (mkt 44.6), which would be its highest print since June, though crucially still well below the 50 mark.”

“For France, we expect the services PMI to slip from 52.2 to 51.5 (mkt 52.1), as the strikes across the country weigh on 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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