Markit economist Tim Moore said "Taken together with the slowdown in new order growth, the latest survey suggests that construction companies are braced for a relatively subdued first quarter." Optimism among construction companies waned to its lowest level since December 2014, the survey showed. "Some firms highlighted concerns that underlying demand conditions had started to soften."
Greece and Spain continue to have the highest jobless total at over 20%, with Czech Republic and Germany having the lowest rate, both at 4.5%. Jennifer McKeown, Capital Economics analyst, welcomed the improvement, but said “A slowing global economy could reverse any progress.” ECB President Mario Draghi has already indicated another stimulus package could be unveiled as soon as next month.
09:30 – GBP – Services PMI – expected to fall to 55.4 from 55.5
13:15 – USD – ADP Non-Farm Employment – expected to fall to 193K from 257K
15:00 – USD – ISM Non-Manufacturing PMI – expected to fall to 55.1 from 55.3