Quick Updates: European Purchasing Manager Index Figures Released - Forex News by FX Leaders

Quick Updates: European Purchasing Manager Index Figures Released

Posted Friday, March 1, 2019 by
Arslan Butt • 1 min read

The EUR/USD trades at 1.1362, down by -0.07% as Eurozone PMI figures remained mixed.

  • Spanish Manufacturing PMI – Fell to 49.9 vs. 51.8
  • Italian Manufacturing PMI – Came out better than expected at 47.7 vs 47.1 forecast.
  • French Final Manufacturing PMI – Rose slightly to 51.5 vs. 51.4.
  • German Final Manufacturing PMI – Steady at 47.6
  • Final Manufacturing PMI – Rose slightly to 49.3 vs. 49.2

Summing up – Most economic events are below the 50 threshold which represent weaker economic growth. As a result, the single currency Euro is getting weaker as investors will be expecting ECB to keep the interest rates on hold.

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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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