As the new rise in coronavirus cases is the biggest threat to the recovering economy from the recession PMI data would throw light on the pace.
Concerns about fresh pandemic lockdowns following another COVID wave in Europe dented the recent positive sentiment towards smooth economic recovery.
The pandemic course still causes concern to markets as the resurgence of coronavirus infections remains the biggest threat to world growth.
Lingering disappointment that central banks merely affirmed their monetary support this week but no plans for new stimulus, kept investors wary.
The Bank of England said that it had been briefed on how negative rate could be implemented effectively, should it be needed.