Eurozone Manufacturing PMI arrives at 45.5 in April vs. 48.0 expected.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- Eurozone Manufacturing PMI arrives at 45.5 in April vs. 48.0 expected.
- Bloc’s Services PMI climbs to 56.6 in April vs. 54.5 expected.
- EUR/USD recovers ground above 1.0950 despite the mixed Eurozone PMIs.
The Eurozone manufacturing sector activity unexpectedly contracted further in April, the latest manufacturing activity survey from S&P Global research showed on Friday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) arrived at 45.5 in April vs. 48.0 expected and 47.3 previous. The index reached a 35-month low.
The bloc’s Services PMI advanced to 56.6 in April vs. 54.5 forecasts and March’s 55.0, hitting a 12-month high.
The S&P Global Eurozone PMI Composite jumped to 54.4 in April vs. 53.7 expected and 53.7 previous. The measure recorded a new 11-month high.
EUR/USD erases losses to trade at 1.0965 following the release of the mixed Eurozone PMIs.
[/s2If]
Join Our Telegram Group
