Here come Europe's PMIs...

Angela Merkel Francois Hollande David CameronREUTERS/Francois LenoirBritain’s Prime Minister David Cameron, France’s President Francois Hollande and Germany’s Chancellor Angela Merkel attend a ‘Last Post’ ceremony at the Menin Gate in Ypres, June 26, 2014

Europe’s latest business surveys are out this morning, with the purchasing managers’ index (PMI) scores for the services sector and economy as a whole in February.

Anything over 50 signals that the economy is expanding and anything below 50 suggests an economy is shrinking.

Here’s what we have so far:

  • Spain services PMI: 56.2 (56.7 expected, 56.7 in January)
  • Italy services PMI: at 8:45 a.m. GMT
  • France services PMI at 8:50 a.m. GMT
  • Germany services PMI at 8:55 a.m. GMT
  • Eurozone whole-economy PMI at 9:00 a.m. GMT

At 10 a.m. GMT (5 a.m. ET) the eurozone’s retail sales figures for January are out. Economists were expecting a 1.9% boost from the same month last year, but that was before Germany’s figures were released yesterday: Europe’s largest economy saw 5.3% surge in retail sales in January, which is likely to drive Europe as a whole higher.

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