Euro reacts to bad PMIs

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During the morning hours of Monday, S&P Global published one by one the results of the Manufacturing and Services sector Purchasing Managers Indices for European Union countries. In general, the survey results are worse than the markets expected.

The gradual data releases caused a 76 point or -0.68% decline of the Euro against the US Dollar.

French Flash Manufacturing PMI was 44.0 instead of 44.3. French Flash Services PMI showed a reading of 48.3 instead of forecast 53.0.

The German PMIs were forecast to show readings of 42.4 and 51.1. Actual results were just 40.3 and 50.6.

Combined EU numbers were 44.8 and 50.5 instead of forecast 45.7 and 52.3.
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