Will Eurozone Manufacturing Surprise Us Today? - Forex News by FX Leaders

Will Eurozone Manufacturing Surprise Us Today?

Posted Thursday, May 23, 2019 by
Skerdian Meta • 1 min read

The economic picture has been worsening in Europe in the second half of last year and earlier this year. But, the worst came in March when manufacturing dived in contraction in several Eurozone countries, especially in Germany where this sector is still in deep contraction, which is also affecting the whole Eurozone number.

Although, last month we saw a ray of hope as the decline in the manufacturing production slowed down. French manufacturing PMI remained in contraction in the first reading but it was revised higher in the second reading and now it remains flat. This month, the PMI indicator was expected to tick higher to 50.1 points.

But, this report beat expectations coming at 50.6 points. The services report also came better than expected. But, the German and the Eurozone manufacturing will be the most important which will paint the broader picture for this sector. They’re both expected to improve, especially German manufacturing which has to jump quite some distance.

 

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

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of