Business activity data in the Eurozone services sector - Ester Holdings

Business activity data in the Eurozone services sector

  • Business Activity Index (PMI) in the services sector in France (November), fact 55.1, forecast 55.0.
  • Index of business activity in the services sector in Germany (November),  fact of 53.3,  forecast of 53.3.
  • Markit Composite Business Activity Index (PMI)  (Nov), fact 52.7, forecast 52.4.
  • Index of business activity in the services sector (November), fact 53.4, forecast 53.1.

Business activity data in the Eurozone services sector for November were very positive, despite the continued downward dynamic in this indicator. The composite index of business activity (PMI) in the eurozone confirms keeping of slowing activity.

Fig. 1. Eurozone composite business activity index (PMI) chart

Reaction of the euro was restraint to these statistics, mainly adjusting after a decline in the American and Asian sessions. At the same time, the growth of the EUR/USD pair is limited by resistance levels: 1.1340 and 1.1360 and the growth of optimism in the American dollar.

Fig. 2. EUR/USD chart. The current price is 1.1340.

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