Market Updates: French Flash Services & Manufacturing PMI Beat Forecast
Arslan Butt•Thursday, February 21, 2019•1 min read
The Markit just released the Purchasing Managers’ Index (PMI) figures for France. Here’s an update:
French Flash Services PMI – At 49.9 in February, the IHS Markit Flash France Composite Output Index rose from 48.2 in January, pointing to a broad stabilization in output after successive contractions in December and January. The services PMI soared to 49.8, beating the forecast of 48.6.
French Flash Manufacturing PMI – The manufacturing PMI also jumped to 51.4 beating the forecast of 51.0.
The EUR/USD is supported over the news, and now let’s wait for German PMI figures in 10 minutes.
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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.
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