Eurozone: Flash PMIs in focus today – RBC CM

Research Team at RBC Capital Markets, suggests that the Eurozone’s forward-leaning indicators in the latest survey suggested that October’s stronger readings should continue into November, which would point toward GDP growth of 0.4% q/q in Q4.

Key Quotes

“The composite euro area PMI picked up in October, signalling a strong start to the last quarter of the year, with PMIs strengthening in all of the major economies bar France. The improvement was driven by improvement in the German services reading in particular, suggesting that German domestic activity began Q4 on a strong footing, a view reinforced by other survey data.”