Free Trial

EUROZONE DATA: Composite PMI Re-enters Contractionary Territory In Sep Flash

EUROZONE DATA

The Eurozone September flash PMI was unsurprisingly weaker than consensus for both services and manufacturing following this morning’s German/French data. The September composite PMI was 48.9 (vs 50.5 cons, 51.0 prior), its first month in contractionary territory since February this year.

Although output rose in the Eurozone excluding Germany and France, the expansion was weak, suggesting conditions are subdued across the region. Further details will be available in the Spanish and Italian PMIs next week.

Keep reading...Show less
199 words

To read the full story

Close

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.

The Eurozone September flash PMI was unsurprisingly weaker than consensus for both services and manufacturing following this morning’s German/French data. The September composite PMI was 48.9 (vs 50.5 cons, 51.0 prior), its first month in contractionary territory since February this year.

Although output rose in the Eurozone excluding Germany and France, the expansion was weak, suggesting conditions are subdued across the region. Further details will be available in the Spanish and Italian PMIs next week.

Keep reading...Show less