Eurozone PMIs and German IFO in focus - TDS

Analysts at TDS suggest that today we have lots of survey data for May with the Eurozone flash PMIs as well as the German IFO which is likely to garner maximum investors attention.

Key Quotes

“For the PMIs, we look for them to remain close to their recent elevated levels, with even a bit of room for further upside for here. As political risks have died down and economic moment still looks strong, we look for the German manufacturing PMI to rise from 58.2 to 58.4 (mkt 58.0) and the French services PMI from 56.7 to 57.0 (mkt 56.7). We also look for slightly above-consensus readings for Germany’s IFO, with the headline rising from 112.9 to 113.5 (mkt 113.1), with a bit more upside coming from expectations than the current assessment.”