Eurozone Business Activity Data

• France Manufacturing PMI (Oct), fact 50.5, forecast 50.0.
• Business Activity Index (PMI) in  services sector in France(October), fact 52.9, forecast 51.6.
• German Manufacturing PMI (Oct), fact 41.9, forecast 42.0.
• Business Activity Index (PMI) in services sector in Germany (October), fact 51.2, forecast 52.0.
• Eurozone Manufacturing Business Activity Index (PMI) (Oct), fact 45.7, forecast 46.1.
• Eurozone markit composite business activity index (PMI) (oct), fact 50.2, forecast 50.3.
• Eurozone index of business activity in the services sector (okt), fact 51.8, forecast 51.9.

In general, business activity in October in the eurozone slowed down. The exception was data for France. Indicators of business activity in the eurozone maintain a steady downward trend, thereby indicating a slowdown in the economy.

Fig. 1. Eurozone Manufacturing PMI

Against the background of very weak data on the eurozone, the single currency was under the pressure, slowing down the upward dynamic caused by a positive start to trading on European stock exchanges. These weak statistics are likely to slow the growth of the euro against the dollar, forming lateral dynamics for the EUR/USD pair in the side channel from 1.1150-70 to 1.1110-00.

Fig. 2. EUR/USD chart

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Hanzenko Anton

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