By Jon Sindreu
Economists expect Purchasing Managers' Index indicators to show
economic activity remained broadly unchanged in the eurozone in
January.
Median forecasts by economists polled by The Wall Street Journal
suggest PMIs for Germany and the eurozone will continue pointing to
a slight pickup in manufacturing and services, with indicators for
France and Italy still showing contraction.
Analysts will also keep close tabs on the negotiations between
the newly elected Greek government and the European Union, as Greek
Prime Minister Alexis Tsipras has taken an aggressive stance
against the country's creditors.
"We think the immediate impact of Greek political developments
on macro conditions in the rest of the euro area will be
contained," Bank of America Merrill Lynch said Friday. "The EU's
tough talking to Greece, together with the feel-good effect of the
cyclical improvement, will ultimately reduce the attractiveness of
the new heterodox parties in Europe."
Date GMT Indicator Period Forecast Previous
Feb 02 0945 ITALY PMI manufacturing Jan 48.8 (8) 48.4
Feb 02 0950 FRANCE PMI manufacturing final Jan 49.5 (8) 49.5p/47.5
Feb 02 0955 GERMANY PMI manufacturing final Jan 51.0 (19) 51.0p/51.2
Feb 02 1000 EUROZONE PMI manufacturing final Jan 51.0 (20) 51.0p/50.6
Feb 03 1100 ITALY CPI preliminary Jan -0.2%MM (4) +0.0%MM
Feb 03 1100 ITALY CPI preliminary Jan -0.3%YY (5) +0.0%YY
Feb 03 1100 EUROZONE PPI Dec -0.7%MM (7) -0.3%MM
Feb 03 1100 EUROZONE PPI Dec -2.4%YY (8) -1.6%YY
Feb 04 0945 ITALY PMI services Jan 50.0 (7) 49.4
Feb 04 0950 FRANCE PMI services final Jan 49.5 (7) 49.5p/50.6
Feb 04 0955 GERMANY PMI services final Jan 52.7 (18) 52.7p/52.1
Feb 04 1000 EUROZONE PMI services prel Jan 52.3 (20) 52.3p/51.6
Feb 04 1000 EUROZONE PMI composite prel Jan 52.2 (11) 52.2p/51.4
Feb 04 1100 EUROZONE Retail sales Dec -0.2%MM (10) +0.6%MM
Feb 05 0800 GERMANY Industrial orders Dec +1.2%MM (24) -2.4%MM
Feb 06 0800 GERMANY Industrial production Dec +0.3%MM (23) -0.1%MM
(Figures in parentheses refer to number of economists surveyed.
p = preliminary)
Write to Jon Sindreu at jon.sindreu@wsj.com