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Eurozone September flash services PMI 48.4 vs 47.7 expected

Prior 47.9Manufacturing PMI 43.4 vs 44.0 expectedPrior 43.5Composite PMI 47.1 vs 46.5 expectedPrior 46.7Overall activity remains in contraction at the end of Q3 but at least it is some improvement to August. Demand conditions remain very weak however, with new orders experiencing its sharpest drop in almost three years. But the good news at least is that inflation pressures are also continuing to ease, so that will be helpful for the ECB. HCOB notes that:“The numbers for PMI services in the Euro... Read More

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Content Topics

Eurozone

September

Flash

Services

48

47 Expected

Forex

Posted: Sep 22 2023, 08:00

Author Name: forexlive

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