Quotes from UniCredit Research:
-The preliminary estimate for February's PMIs shows that the eurozone recovery is gaining momentum. Despite an unimpressive performance of the manufacturing sector, the acceleration in the services industry surprised to the upside, boosting the overall economic activity.
-Today's PMIs confirm our view that 2015 is starting on a good footing and risks to our forecast are moving to the upside.The external environment continues to be characterized by sluggish global trade, but it is becoming increasingly clear that the eurozone economy is already benefiting from substantially lower oil price and EUR depreciation.
-We expect this stimulus to intensify in the coming months, thus supporting a further acceleration in economic activity.
