Free Trial

Economic Sentiment Indicator (Aug.....>

EUROZONE DATA
MNI (London)
EUROZONE DATA: Economic Sentiment Indicator (Aug 2019) Preview - 10:00 BST
--------------------------------------------------------------------- 
- Bloomberg Consensus: 102.3; MNI Median: 102.5; Prev (Jul): 102.7 
- Markets look for the European Commission's ESI to ease in Aug, with the
consensus estimate suggesting that the index will settle at its weakest level
since Mar 2016 
- Flash consumer confidence (20% of the ESI) dropped to -7.1 in August following
July's rebound and remains well below its most recent peak of -2.8 in Dec 2017 
- Meanwhile, industrial confidence (40% of the ESI) is projected to remain at
July's 71-month low of -7.4
- Although, the EZ flash manufacturing PMI edged up marginally to 47.0 in
August, it remains in contraction territory with the report noting the seventh
consecutive decline of manuf output 
- On the other hand, the services PMI reached a two months high (53.4) in August
with service activity increasing at a solid pace
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.