Eurozone March PMIs to confirm an ongoing economic recovery

The eurozone PMIs should post the fourth consecutive increase in March, confirming that the economic recovery in the euro area is regaining traction. 

An increase in the PMI is also expected in Germany and France. Ifo business expectations - the most reliable German leading indicator - will continue in its solid increase. 

UniCredit Research notes ......

• Overall, all euro area leading indicators are expected to signal an ongoing economic recovery, triggered by low oil prices and a weak euro already affecting the real side of the economy.