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EUR: Flash PMIs paints stronger picture - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Research Team at TDS, suggests that the November’s flash euro area PMIs were generally supportive for fourth quarter output, with most measures showing an increase in the month and coming in stronger than expected.

    Key Quotes

    “The one downside surprise was French services PMI, which fell, reflecting fragile sentiment following the Paris attacks 10 days ago. French manufacturing momentum increased in the month, and in Germany, the manufacturing PMI rose on a sharp increase in backorders and healthy new orders from export markets, while the services PMI rose very sharply, reflecting strength in both output and new orders.”
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