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PMI data gives the ECB a major headache ahead of September

Just looking at the headlines, it is a bad one especially for the German economy. Europe's backbone is seeing its steepest decline in business activity since May 2020 and that does not bode well for the region, especially with services activity now also slumping hard alongside the manufacturing sector.What makes matters worse for the ECB is when you dig into the details. In the French report, manufacturing prices were seen falling once again as more positive energy developments and raw material... Read More

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Content Topics

Data

Gives

Major

Headache

Ahead

September

Forex

Posted: Aug 23 2023, 07:50

Author Name: forexlive

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