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By Greg Fuzesi
Euro area composite PMI broadly stable in February, consistent with ongoing recovery. PMI still signals upside risk for Germany and the periphery, while French growth looks very sluggish.
By Raphael Brun-Aguerre
PMI expected to increase 0.4pt to 52.5 next week. Euro area IP rebounded in November. We nudge down our 4Q13 GDP estimate in Germany and nudge it up in France. French president Hollande announces plans for structural reforms.
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