Eurozone Composite PMI at two month low, came in at 54.0

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Eurozone PMI Composite Output Index came in at 54.0, hitting a two month low. It was at 54.2 in November. Eurozone Services PMI Activity Index also fell at 53.9, down from November’s 54.2. It is thus currently at a three month low. Eurozone Manufacturing PMI however rose to 53.1, up from 52.8 in November, marking a 20-month high.

    The economy of the bloc registered a solid end to 2015, raising recovery hopes. Robust growth also led employers to take on extra staff at the fastest rate for just over four-and a-half years. Output prices however continued to fall. Payroll growth also remained subdued in manufacturing, and eased marginally since November.
    For more information, read our latest forex news.

Share This Page

free forex signals