Apr. 16, 2017 (Commerzbank AG) – Euro area – Sentiment still upbeat, but what does this mean?
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Preview – The week of 17 to 21 April 2017
The purchasing managers‘ indices (PMIs) ought to have maintained their high levels in April. So far, however, upbeat business sentiment has not been confirmed by a corresponding increase in “hard” data.
We nonetheless stick to our view that a “sentiment bubble” is unlikely and therefore believe that production will rise in the months ahead.
In China, the economy should again have expanded by 6.8% in the first quarter.