Eurozone manufacturing PMI data

• Spanish Manufacturing PMI (Apr), fact 51.8, forecast 51.2.
• Business PMI of Switzerland from SVME (Apr), fact 48.5, forecast 51.0.
• Italian Manufacturing PMI (April), fact 49.1, forecast 47.8.
• French Manufacturing PMI (Apr), fact 50.0, forecast 49.6.
• German Manufacturing PMI (Apr), fact 44.4, forecast 44.5.
• Eurozone business activity index (PMI) (April), fact 47.9, forecast 47.8.

The published report on business activity in the manufacturing sector (PMI) in the eurozone was very ambiguous. Thus, data for Germany and Switzerland showed a slowdown. And if the decline in business activity in Germany is insignificant (0.1 point), then the data for Switzerland updated the four-year minimum.

The overall figure for the euro area remains restrainedly rising, keeping near six-year lows, in fact providing restrained support to the single currency.

Fig. 1. Eurozone PMI chart 

The EUR/USD pair received restrained support on the published statistics for the Eurozone, reinforcing the correction, maintaining the weekly upward trend and continuing to form a flat from 1.1190-80 to 1.1220-30.

Fig. 2. EUR/USD chart. The current price is 1.1210.

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Hanzenko Anton

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