Analysts at Danske Bank suggest that the UK PMI services index for January will give us a first glimpse into how the economy started out in 2019.
Key Quotes
“Amid the ongoing Brexit uncertainty, we think the index will be broadly unchanged around 51.2.”
“In the US, keep an eye on the US ISM non-manufacturing for January, where consensus is for another decline in line with the move from the earlier released Service PMI.”
“The final January Service PMIs in the euro area are also due, including first readings for Spain and Italy, but more interesting will probably be whether December retails sales remained on the downward trajectory of the past months.”
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