After a week of disappointing data releases failing to hit forecasts, Friday ended on a positive note with German and Eurozone manufacturing PMI coming in better than expected. It’s certainly a good sign for what is one of the more embattled sectors of the Eurozone at the moment.
Yearly inflation rose by 0.1% to 1.4%, still short of the ECB’s target, but helped by the services, food & beverage and industrial commodities sectors.
This morning has kicked off with German business climate figures, coming in slightly higher than expected. The key release will be tomorrow’s German GDP figures, expected to show a slowdown.
