Eurozone Services PMI at a four year high

wrapper

News
Analysis
- Fundamental
  
  Daily fundamental analysis
  
  Weekly fundamental analysis
- Technical
  
  Daily technical analysis
  
  Weekly technical analysis
Charts
Basic terms
Education
Calendar
Contact

Tuesday, Mar 24 2015

Flash Eurozone Manufacturing PMI inclined to 51.9 from 51.0 in February, what is a ten-month high and above expectations on increase to 51.6.The region’s GDP looks to have expanded by 0.3% in the first quarter, buoyed by a 0.4% expansion in Germany and signs of a long-awaited recovery in France. Although the surveys are signalling a mere 0.2% expansion of the French economy in the first quarter, the euro area’s second-largest economy is seeing its best performance since 2011.

Flash Eurozone Services PMI Activity Index rose to 54.3 from 53.7 in February, what is a 46-month high. Increase to 53.9 was anticipated. Service sector growth again outpaced that seen in manufacturing across the region as a whole, but both sectors saw improved rates of expansion. While service providers and manufacturers have been helped by consumers enjoying low prices, manufacturing has also been boosted by exporters benefitting from the weaker euro.

After the data euro remained stable and is currently being traded few points below 1.10 handle. Pair is likely to find support around 1.09 handle and resistance above 1.1050 area. Later today, in the US session, CPI and New Home Sales figures are scheduled for a release.

More in this category: « German Manufacturing and Services PMI up in March U.K. CPI unchanged in February »

Latest from Editor

Popular

UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most…
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures…
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports…
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Menu

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.