Data on production activity in the euro area
- The index of business activity in the manufacturing sector (PMI) of Germany, fact 55.9, forecast 56.3.
- The index of business activity in the manufacturing sector (PMI) of the euro area, fact 55.0, forecast 55.0.
Statistics on business activity in the manufacturing sector of the eurozone showed a restrained positive growth, indicating a slowdown in the downward dynamics of this indicator, while remaining in a downward trend.
Chart of production activity in the euro area
The dynamics of the euro as a whole remains positive amid the American dollar’s decline and the growth of optimism, while limiting itself to overbought. The EUR / USD is limited to a significant resistance zone of 1.1670-1.1700.
EUR / USD Chart. Current price – 1.1650
Andre Green