UK manufacturing PMI and Eurozone inflation in focus – TDS

Analysts at TD Securities are looking for the UK’s March Manufacturing PMI to fall to 51.3 (mkt: 51.2), taking it back near its recent late-2018 low.

Key Quotes

“Uncertainty around Brexit remains a key uncertainty on this figure, and while some firms are slowing production sharply around the original 29 March Brexit date, others are building up inventory and thus supporting B2B sales.”

“We see downside risks to the euro area inflation figure, with headline coming in at 1.3% y/y (mkt: 1.5%). The unemployment rate for February is also released, with markets looking for an unchanged 7.8% reading.”