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MNI: EUROZONE DATA: Final Manufacturing PMIs (Apr....>

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MNI: EUROZONE DATA: Final Manufacturing PMIs (Apr 2019) Preview - 09:00 BST
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- Bbg Consensus: 47.8; MNI Median: 47.8; Prelim (Apr): 47.8; Prev (Mar): 47.5
- German (44.4) and French (50.0) final PMIs revised from preliminary readings
of 44.5 & 49.6 respectively
- Along with better-than-expected readings in Spain (51.8 - up from 50.9 in Mar)
& Italy (49.1 - up from 47.7 in Mar)...
- ... the final EZ manufacturing PMI should see an upward revision, but still
indicate ongoing contraction
- The 0.4% q/q EZ GDP expansion in Q1 suggests that surveys may be overstating
the weakness of the economy
- Nevertheless, manufacturing activity remains muted as global trade volumes
continue to be weighed by concerns over a number of global risk factors...
- ... including US trade protectionism, ongoing worries over China's growth &
persistent Brexit uncertainty

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