• EC predicts growth in Eurozone GDP
• Poor weather affects US jobs data
• Macro trend stabilises for US manufacturing and services
There is no shortage of economic news scheduled for Wednesday, and three influential numbers will shape expectations today: retail sales for the Eurozone, US updates on private payrolls (ADP employment) and the services sector (Institute of Supply Management [ISM] Non-Manufacturing Index). Other reports for Wednesday that will draw close attention include several releases for the purchasing managers index (PMI), including the EU Services PMI (08.58 GMT), followed by a revised estimate of last year’s fourth-quarter GDP for the eurozone (10.00 GMT).
