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ٹریڈنگ خبریں
23 Apr 2015
Eurozone and UK data disappoints – BBH
FXStreet (Barcelona) - The Brown Brothers Harriman Team reviews the Eurozone and UK data releases for today, noting that the euro area flash PMI was weaker than expected, and UK retail sales unexpectedly fell in March.
Key Quotes
“Owing to weaker German and French reports, the eurozone flash manufacturing PMI slipped to 51.9 from 52.2. The consensus had expected a small gain. It is the first decline since last November. The services PMI eased to 53.7 from 54.2.”
“While the eurozone readings are disappointing, they are not very significant in themselves. The composite reading stands at 53.5 from 54.0. This is above the Q1 average. Growth forecasts of around 0.4% for Q2 are unlikely to change."
“UK data was more disappointing. March retail sales fell 0.5%. The Bloomberg consensus expected a 0.4% increase. The main culprit was a decline in fuel sales. The 6.2% decline is the largest in three years. Excluding petrol, retail sales rose 0.2%. The market had expected a 0.5% increase. Department store sales were weaker though clothing and household goods sales were higher.”
Key Quotes
“Owing to weaker German and French reports, the eurozone flash manufacturing PMI slipped to 51.9 from 52.2. The consensus had expected a small gain. It is the first decline since last November. The services PMI eased to 53.7 from 54.2.”
“While the eurozone readings are disappointing, they are not very significant in themselves. The composite reading stands at 53.5 from 54.0. This is above the Q1 average. Growth forecasts of around 0.4% for Q2 are unlikely to change."
“UK data was more disappointing. March retail sales fell 0.5%. The Bloomberg consensus expected a 0.4% increase. The main culprit was a decline in fuel sales. The 6.2% decline is the largest in three years. Excluding petrol, retail sales rose 0.2%. The market had expected a 0.5% increase. Department store sales were weaker though clothing and household goods sales were higher.”