wrapper

Spanish Services PMI up, Italian PMI unchanged in November

Thursday, Dec 03 2015
A re-acceleration of growth was recorded in the Spanish service sector in November, with both business activity and new orders rising at the fastest rates in three months. Greater workloads encouraged companies to raise employment at a faster pace, while sentiment also improved. The rate of input cost inflation remained relatively muted and service providers lowered their output prices in order to support inflows of new work. The headline seasonally adjusted Business Activity Index rose for the second month running in November, posting 56.7 from 55.9 in October. Analysts were predicting smaller incline to 56.2. This was the fastest expansion in activity since August.
Business activity in Italy’s service sector increased for a ninth straight month in November, with the rate of growth unchanged from the solid pace recorded in October, according to latest survey data. Furthermore, services firms noted the largest monthly gains in both new business and employment since April. A weaker rise in input prices and a further (albeit slower) drop in output charges meanwhile pointed to a continued absence of inflationary pressures. The headline Markit/ADACI Business Activity Index recorded 53.4 unchanged from last month. Increase to 53.9 was expected.
 
Euro is currently being traded around 1.0570 area. Pair is likely to find support around 1.0560 handle and resistance above 1.0630 level. Later today, ECB Press Conference will be held following rate decision. 
More in this category: « Australian Trade Balance deficit rose to $3.3 billion UK Services PMI at the highest level since July »

Latest from Editor

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.

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.