Eurozone PMIs and UK autumn statement in focus – Danske Bank

Research Team at Danske Bank, suggests that in the euro area, PMI figures for Germany and France for November are due to be released today.

Key Quotes

“The figures for October were strong and for the manufacturing PMIs a solid order-inventory balance - although not as strong as September - still signals an increase in the manufacturing PMI. For the service PMIs, the future business expectations index from October suggests an increase in the figure in November.”

“Chancellor Hammond is due to make the autumn statement to parliament, which could point to weak fiscal developments in the UK, limiting fiscal stimulus options.”