Business activity data in European services sector

• Index of business activity in the services sector of Germany (September),  fact 55.9, forecast 56.5.
• Markit Composite Business Activity Index (PMI) (September), fact 54.1, forecast 54.2.
• Index of business activity in the services sector (September) in euro zone, fact 54.7,  forecast 54.7.
• Index of business activity in the services sector (September) in UK, fact 53.9, forecast 54.0.

Business activity in the service sector in September has declined markedly throughout Europe, but remains within the annual range. As a result, this report has had a moderate impact on the market. Data for Germany with a general slowdown rate remains very positive.

Fig. 1. Graph of the Index of business activity in the services sector in Germany.

General dynamics of European currencies and the euro as a whole remains positive, limited to the correctional movement and the trading range from 1.1590 to 1.1550-60.

Fig. 2. EUR/USD chart. The current price is 1.1570.

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Hanzenko Anton

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