Eurozone: Further deterioration in manufacturing PMIs? - TDS

Analysts at TDS are looking for further deterioration in today's Eurozone manufacturing PMIs, as concerns about protectionism, tariffs, and counter-tariffs weight on sentiment.

Key Quotes

“We look for Germany's manufacturing PMI to slip from 56.9 to 55.9 in June (mkt 56.3). The services PMIs should generally hold up a bit better though, with the service sectors not as exposed to trade. We look for the French services PMI to hold steady at 54.3 (mkt 54.3).”