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

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MNI: EUROZONE DATA: Final Manufacturing PMIs (May 2019) Preview - 09:00 BST
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- EZ (Final): Bbg Consensus: 47.7; Prelim: 47.7; Prev (Apr): 47.9
- Germany (Final): Bbg Consensus: 44.3; Prelim: 44.3; Prev (Apr): 44.4
- France (Final): Bbg Consensus: 50.6; Prelim: 50.6; Prev (Apr): 50.0
- Italy: Bbg Consensus: 48.5; Prev (Apr): 49.1
- Spain: Bbg Consensus: 51.3; Prev (Apr): 51.8
- Markets expect final EZ number to confirm flash estimate showing manufacturing
PMI at 2-mth low in May
- With only a marginal decline in the flash German reading & a 0.6pt uptick in
the French index...
- ... the drop in the EZ PMI suggests a weaker performance in Italy & Spain... 
- Indeed, markets expect lower manufacturing PMIs in both countries in May... 
- ... with the index expected to drop further into contraction territory in
Italy but remain in expansion in Spain

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