A Good Day in Europe for Economic Data - Forex News by FX Leaders
The downtrend in unemployment has been steady

A Good Day in Europe for Economic Data

Posted Monday, July 2, 2018 by
Skerdian Meta • 1 min read

In the last few weeks, we have seen the European data soften a bit. But today we got a few rounds of data which pointed to further economic upside down in the continent. Here are the data pieces from Europe this morning.

ActualExpectedPrevious
Italian Manufacturing53.352.652.7
French manufacturing52.553.153.1
German Manufacturing55.955.955.9
Spanish Manufacturing53.453.453.4
UK Manufacturing54.454.154.3
Eurozone manufacturing54.95555
Italian Unemployment Rate10.70%11.10%11.20%
Eurozone Unemployment rate8.40%8.50%8.50%

Most of the numbers are positive, particularly the unemployment rate. The trend is promising as it has been falling for years. The upbeat UK manufacturing is another positive number considering the softening economy in the UK this year.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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