The analysis team at Nomura expects the euro area composite PMI to maximize to 56.six in April from 56.four in March.
“At the sector level, we hope yet another month of broadbased improvement, with both manufacturing and products and services sector PMIs growing in April. Exclusively, we hope the manufacturing PMI to maximize for an eighth consecutive month to 56.four in April from 56.two in March.”
“We also hope the products and services PMI to edge up to 56.1 in April from 56. in March, pursuing robust improves above the earlier two months. These readings would point out yet another robust quarter of .six% q-o-q (borderline .7%) GDP development in Q2.”