020 7898 0500As with elsewhere, it was a quiet day for eurozone economic data, but – fear not – the rest of the week is extremely busy and there will be lots to digest. The key release of the day is the German ZEW economic sentiment index which is forecast to increase to 19.5. The index is seen as a leading indicator for the German economy, at least in the short-term, so it will be interesting to see whether the figure comes in above, below or exactly as is expected.
Tomorrow we will see the employment changes and industrial production figures from across the eurozone which will give us an idea of how the eurozone’s economy has been performing in recent times. Then, on Thursday, we will see the Markit manufacturing purchasing managers’ index flash figure for December. It is expected to dip slightly, from 62.5 to 61,9. However, any figure above 50 shows growth so it will still be an extremely positive reading if it comes in as forecast.
