Eurozone Feb PMI to be among the most closely watched figures today - ING

Analysts at the ING bank offer brief insights on what to expect from today’s Eurozone flash manufacturing and services PMI readings due at 0900 GMT.

Key Quotes:

“The Eurozone PMI will be among the most closely watched figures. The r-word has been used out loud already as the January PMI dropped to just 51 (anything below 50 signals contracting activity).

The February PMI will give a sense of if we're going to see a turnaround in growth figures, or whether we will move even closer to stagnation halfway through the first quarter.”