May German Manufacturing PMI expected to rise – TDS

FXStreet (Barcelona) - The TD Securities Team previews the manufacturing and services PMI to be released ahead in the eurozone.

Key Quotes

“For today's flash PMIs, we are just a touch above consensus in looking for a marginal gain in the German manufacturing PMI in May, but are slightly more wary of the French services PMI. While we generally are seeing signs of broadening Eurozone growth momentum, the rapid gain in the French PMI recently and recent strength in the EUR does point to a decent risk of disappointment, as we see a one point decline while consensus sees a half point gain.”