Flash Germany Manufacturing PMI increased to 52.4 from 51.1 in February, what is an 8-month high and well above forecasts on incline to 51.5. March’s flash data provide further encouraging news for Germany’s private sector economy, with output and new order growth accelerating to the quickest since the summer of last year. Flash Germany Services Activity Index rose to 55.3 in March from 54.7 in February, what is a 6-month high. Analysts were forecasting smaller incline to 55.0.

Flash Eurozone Manufacturing PMI inclined to 51.9 from 51.0 in February, what is a ten-month high and above expectations on increase to 51.6.The region’s GDP looks to have expanded by 0.3% in the first quarter, buoyed by a 0.4% expansion in Germany and signs of a long-awaited recovery in France. Although the surveys are signalling a mere 0.2% expansion of the French economy in the first quarter, the euro area’s second-largest economy is seeing its best performance since 2011. Flash Eurozone Services PMI Activity Index rose to 54.3 from 53.7 in February, what is a 46-month high. Increase to 53.9 was anticipated.

From Eurozone, on Wednesday German Business Climate data was released. The Ifo Business Climate Index for German trade and industry rose to 107.9 points in March from 106.8 points last month. Analysts were anticipating smaller increase to 107.4. The index reached its highest level since July 2014. Companies were more satisfied with their current business situation. They also expressed far greater optimism about future business developments. The German economy continues to expand.

Thursday was marked by German Consumer Climate and M3 Money Supply figures. German consumers are becoming ever more optimistic. Following a value of 9.7 points in March 2015, the overall indicator of German consumer is forecasting 10.0 points for April. Analysts were anticipating smaller increase to 9.8 points.Increases were once again recorded in both economic and income expectations as well as willingness to buy.

The annual growth rate of the broad monetary aggregate M3 increased to 4.0% in February 2015, from 3.7% in January 2015. Analysts were predicting 4.3% increase. The three-month average of the annual growth rates of M3 in the period from December 2014 to February 2015 increased to 3.8%, from 3.5% in the period from November 2014 to January 2015.

This week markets will be looking at:

German Prelim CPI (Monday)

Spanish Flash CPI (Monday 9:00)

German Retail Sales (Tuesday 7:00)

French Consumer Spending (Tuesday 7:45)

German Unemployment Change (Tuesday 8:55)

CPI Flash Estimate (Tuesday 10:00)

Unemployment Rate (Tuesday 10:00)

Spanish Manufacturing PMI (Wednesday 8:15)

Italian Manufacturing PMI (Wednesday 8:45)