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

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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Add 3442

Add 3440

XM

Best Forex Brokers