Market Updates: Eurozone Manufacturing Data is Out, No Surprises So Far - Forex News by FX Leaders

Market Updates: Eurozone Manufacturing Data is Out, No Surprises So Far

Posted Wednesday, January 2, 2019 by
Arslan Butt • 1 min read

Spanish Manufacturing PMI – Spain’s manufacturing sector continued to expand during December, but still at the slowest rate since mid-2016. Today’s Spanish Manufacturing PMI fell to 51.1 vs. 52.4 forecast.

Italian Manufacturing PMI – Business conditions in the Italian manufacturing sector declined again in the final month of 2018, with output and new orders continuing to fall. The Italian PMI stands at 49.2, which is higher than the forecast of 48.5 but still below 50 threshold.

Meanwhile, the French Final Manufacturing PMI & German Final Manufacturing PMI came out as expected, causing no action in the market.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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