Business activity data in the services sector of Europe

• Index of business activity in the German services sector (Aug),  fact 55.0, forecast 55.2.
• Markit Composite index of business activity (PMI)   (Aug) eurozone, fact 54.5, forecast 54.4.
• Index of business activity in the services sector (Aug) of the eurozone,  fact 54.4,  forecast 54.4.
• Index of business activity in the services sector (Aug) of Great Britain,  fact 54.3, forecast 53.9.

Indicators of business activity in the services sector in Europe were in the general framework of restrainedly positive, at a time when the data on the UK remain positive.

Graph of the  business activity index in the services sector (Aug) of Great Britain

 

This indicator in the UK remains within normal limits, moving with lateral dynamics, which can also because of the weak pound, which remains under the pressure of Brexit risks.

The general business activity report in Europe had a restrained influence on the market, slowing down the negative mood on the stock exchanges, which may as a result lead to a decrease in the US dollar.

EUR/USD chart. Current price – 1.1560

Read also: “Emerging markets and their prospects: Russian Ruble (RUB)”

Hanzenko Anton

 

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