Here come Europe's PMIs...

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 (51.4 expected, 51.2 in January)
• France services PMI at 8:50 a.m. GMT (53.4 expected, 49.4 in January)
• Germany services PMI at 8:55 a.m. GMT (55.5 expected, 54 in January)
• Eurozone whole-economy PMI at 9:00 a.m. GMT (53.5 expected, 52.6 in January)

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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