- The Eurozone Manufacturing PMI was unchanged at 45.2 in December, beating the estimate of 45.0.
- The bloc’s services PMI rose to 51.4 in December versus the expected 49.4.
- EUR/USD maintains gains near 1.0500 following German and Eurozone PMI data.
He euro zone manufacturing sector remained in contraction while service sector activity improved in December, according to data from HCOB’s latest Purchasing Managers’ Index (PMI) Survey released Monday.
The Eurozone Manufacturing Purchasing Managers’ Index (PMI) was unchanged at 45.2 in December, improving the estimate of 45.0.
The bloc’s Services PMI expanded to 51.4 in December from 49.5 in November. The data surpassed the market consensus of 49.4 and hit a two-month high.
The HCOB Eurozone Composite PMI improved to 49.5 in December from 48.3 in November. The data reached a two-month high.
EUR/USD Reaction to Eurozone PMI Data
EUR/USD defends offers above 1.0500 with the mixed Eurozone PMI data, adding 0.09% in daily terms.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
