The Purchasing Managers Index Eurozone manufacturing PMI fell five tenths in April's preliminary reading, according to HCOB. The indicator fell to 45.6 from 46.1 points in March, obtaining its worst result in four months. The figure also disappoints market expectations, since an increase to 46.5 was expected.
He Services PMI, for its part, has advanced to 52.9 points from 51.5, registering its highest level in eleven months. The data exceeds the expected figure of 51.8.
Finally, the Integrated or composite PMI has risen to 51.4 from 50.3, its eleven-month high. The result has improved the 50.8 points estimated by the experts.
Euro reaction
The Euro has reacted upwards after the publication of the mixed PMI data from France, Germany and the Eurozone, although also responding to a return to risk appetite in the markets. EUR/USD has risen in the last hour to 1.0695, an eleven-day high, and is now trading above 1.0680, gaining 0.25% daily.
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.
