A Good Day in Europe for Economic Data
In the last few weeks, we have seen the European data soften a bit. Nut today we got a few rounds of data which pointed to further economic
Skerdian Meta•Monday, July 2, 2018•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.
| Actual | Expected | Previous | |
| Italian Manufacturing | 53.3 | 52.6 | 52.7 |
| French manufacturing | 52.5 | 53.1 | 53.1 |
| German Manufacturing | 55.9 | 55.9 | 55.9 |
| Spanish Manufacturing | 53.4 | 53.4 | 53.4 |
| UK Manufacturing | 54.4 | 54.1 | 54.3 |
| Eurozone manufacturing | 54.9 | 55 | 55 |
| Italian Unemployment Rate | 10.70% | 11.10% | 11.20% |
| Eurozone Unemployment rate | 8.40% | 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
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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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