German Manufacturing PMI unexpectedly rose last month

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Thursday, Jun 23 2016

Germany’s manufacturing PMI rose unexpectedly last month, preliminary data showed on Thursday. In a report, Markit Economics said that German manufacturing PMI rose to a seasonally adjusted 54.4, from 52.1 in the preceding month. Analysts had expected German manufacturing PMI to fall to 52.0 last month. German service sector activity fell more-than-expected last month, official data showed on Thursday. In a report, Markit Economics said that German Services PMI fell to 53.2, from 55.2 in the preceding month. Analysts had expected German Services PMI to fall to 55.0 last month.

France’s manufacturing PMI fell unexpectedly last month, preliminary data showed on Thursday. In a separate report, Markit Economics said that French manufacturing PMI fell to a seasonally adjusted 47.9, from 48.4 in the preceding month. Analysts had expected French manufacturing PMI to rise to 48.8 last month. French service sector activity fell unexpectedly last month, official data showed on Thursday. French Services PMI fell to a seasonally adjusted 49.9, from 51.6 in the preceding month. Analysts had expected French Services PMI to rise to 51.7 last month.

Euro is currently being traded few points below 1.1330 level. Pair is likely to find support around 1.1250 handle and resistance above 1.14 level.

More in this category: « Euro increased in an uneventful Wednesday's trade Sterling at the highest level since December »

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