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Free AccessAgain fairly soft details in the......>
EUROPEAN DATA: Again fairly soft details in the Eurozone aggregate PMI. Services
still doing ok but manufacturing falling across the EZ ex-France. Export orders
still poor and confidence falling. Prices expected to fall in the future.
Highlights from the press release:
- "Activity rising modestly amid a marginal increase in new business"
- Manufacturing: "France was able to eke out production growth, falls were seen
in Germany and outside of the 'big-2'."
- "New export orders were down for the eleventh successive month in August."
- "A sizeable drop in confidence regarding the 12- month outlook was registered
in August as the global economic slowdown tempered optimism. Sentiment was down
to the lowest since May 2013"
- "The rest of the euro area as a whole saw little change in the rate of growth
during August, as solid expansion in services outweighed falling manufacturing
output."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.