Data on business activity in the euro area
- The index of business activity in the manufacturing sector (PMI) of Germany, fact 57.3, the forecast 55.5.
- The index of business activity in the German services sector, the fact is 54.4, forecast 54.6.
- The index of business activity in the manufacturing sector (PMI) of the euro area, fact 55.1, forecast 54.7.
- Composite index of business activity (PMI) from Markit in the euro area, fact 54.3, forecast 54.8.
- The index of business activity in the services sector in the euro area, fact 54.4, forecast 55.0.
Preliminary data on business activity in the services sector and the manufacturing sector of the eurozone have been very mixed. The euro was supported by the growth of expectations regarding the activity in the manufacturing sector of Germany (PMI), which in conditions of some uncertainty of the market can play in favor of a single currency.
Fig. 1. Graph of business activity in the manufacturing sector (PMI) in Germany
At the same time, the pair EUR / USD remains a limited downtrend, despite attempts at growth. As a result, the zone from 1.1680 to 1.1720 remains an area of uncertainty, which can indicate both the preservation of a downtrend and its turn.
Fig. 2. EUR / USD chart. Current price – 1.1680
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Hanzenko Anton
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