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MNI: EUROZONE DATA: Flash PMIs (Jun 2019) Preview....>

MNI, NEWS
MNI: EUROZONE DATA: Flash PMIs (Jun 2019) Preview - 09:00 BST
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- EZ Composite PMI - Bbg Consensus: 51.8; MNI Median: 52.0; vs May 51.8
- EZ Manufacturing PMI - Bbg Consensus: 48.0; MNI Median: 47.9; vs May 47.7
- EZ Services PMI - Bbg Consensus: 52.9; MNI Median: 53.0; vs May 52.9
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- Mkts expect Comp PMI to hold steady in Jun at May's 51.8 (up 0.3pt from Apr) 
- This would leave it up 0.3pt from Q1 at an average of 51.8 in Q2...
- ... with mkt forecasts implying that the manufacturing PMI for Q2 will
register at an average of 47.9 - down 1.2pts from Q1
- ... and that the services PMI will avg 52.9 over the qrter - up 0.5pts from Q1
- But services is still expected to finish Q2 (53.0) weaker than Q1 (53.3)
- Manufacturing is expected to remain deep in contraction (44.6) in Germany,
while mkts look for the index to rise further above 50 (50.8) in France
- In contrast, the German services PMI is expected to continue to outperform
(55.2), while in France it should stay comfortably in expansion (51.6)

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