Similarly, the Markit Economics» flash
Eurozone PMI (Purchase Managers Index) reading increased to 55.5 in February, from 55.2 in the earlier month, and above market's anticipation of a reading of 55.
In a similar vein, the Markit composite
eurozone PMI, which combines measures of manufacturing and services activity, has continued to indicate healthy expansion, rising in June to its highest level in four years.
The greenback was pressured by strength in the euro ($ 1.1985 - $ 1.2032, better than expected
Eurozone PMI), and a bounce in the beleaguered pound ($ 1.3580 - $ 1.3666).
For one, the Markit Flash
Eurozone PMI, released Friday, showed the region's manufacturing activity growing at its fastest pace in six years.
The individual U.S., Germany, Japan, and
eurozone PMIs all hit their highest posts in at least a year, building on a strengthening uptrend that's been in place since September.
Not exact matches
At the
Eurozone - wide level we see the composite
PMI also beat consensus, touching multi-year highs.
The global pullback in March was notable in the
Eurozone Composite
PMI (manufacturing plus services), where the numbers were the weakest since the start of 2017.
Some of the lead
eurozone indicators, including industrial production and purchasing manager indexes (
PMI), have been very strong in the first quarter of 2017.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to this afternoon's FOMC Meeting Statement followed by reports tomorrow on UK
PMI,
Eurozone PPI, CPI, US Challenger Job Cuts, Productivity, Unit Labor Costs, Jobless Claims, Trade Balance, Markit Services
PMI, ISM Services, Durable Goods and Factory Orders for near term direction.
The greenback found some buying over the down trendline at 90.48, and was bolstered by weakness in the yen (107.65 — 108.28, weaker Japanese
PMI), the euro ($ 1.2285 - $ 1.2225, miss on
Eurozone Manufacturing
PMI) and the pound ($ 1.4030 - $ 1.3945).
As I shared with you earlier in the week, the global purchasing managers» index (
PMI) advanced to a 69 - month high of 52.9 in February, with strong showings from the U.S. and
eurozone.
Fresh purchasing manager's index (
PMI) readings for the month of March were also released, showing continued manufacturing sector expansion in the world's largest economies, including the U.S., China and the
eurozone.
This morning Markit Composite
PMI, Services
PMI and Retail Sales all missed out of the
Eurozone.
The
eurozone's stealth recovery has steadily accelerated since mid-2016, with the region's composite
PMI hitting a six - year high in March.
Europe's trading calendar this week looks set to be dominated by fresh
PMI data for the core of the
Eurozone from IHS / Markit later in the week as well as U.K. inflation (Tuesday) and retail sales (Thursday).
The
Eurozone Manufacturing
PMI survey's new export orders index has been hitting six - year highs in recent months.
German bunds tad lower after investors shrug - off lower - than - expected April services
PMI,
Eurozone March retail sales
The upturn in official production data also tallies with
PMI data, which have indicated a strengthening recovery of
eurozone manufacturing in recent months.
The
Eurozone retail sector remained firmly in contraction in May, according to
PMI ® data from Markit.
The German bunds traded tad lower during European session Friday as investors have largely shrugged - off the lower - than - expected services
PMI for the month of April, besides the fall in
eurozones retail sales for the month...
The IHS Markit
Eurozone Manufacturing
PMI rose to a 73 - month high of 57.0 in May, up from 56.7 in April.
The Markit
Eurozone Retail
PMI eased below neutrality to 48.6, having signalled the first increase in sales in nearly two years in August.
The
eurozone composite
PMI compiled by Markit hit 53.9 in October, one of the strongest readings over the past four years and well above the dividing line between expansion and contraction.
Retail
PMI ® data from Markit showed a renewed decline in
eurozone retail sales in September.
Eurozone retailers faced a deepening downturn in sales in August, according to
PMI ® data from Markit.
The
Eurozone Retail
PMI declined from 46.4 in July to 44.4 in August, the lowest since May and indicative of a sharp fall in sales.
The
eurozone retail sector continued to record falling sales in June, Markit's retail
PMI ® data showed.
Meanwhile, the Markit
Eurozone Manufacturing
PMI edged up slightly to 51.6, from 51.2 in February.
Joanna Sawicka, emerging Europe research analyst at U.S. Global Investors, explains the April
PMI readings for the
eurozone and why they might be picking back up.
The dollar, however, failed to decline as weakness in the euro ($ 1.20 to $ 1.1949 further fallout from earlier miss on
Eurozone CPI) and the pound ($ 1.3605 - $ 1.3538, further fallout from earlier miss in UK Services
PMI, growing doubts UK will hike rates next week) pushed the DX up to 92.67.
The
eurozone's manufacturing
PMI for February rose to its best level since 2011, and a leading measure of German business confidence for the same month climbed back up to the four - year high seen at the end of 2016.
All markets will continue to focus on the volatility in the equity and bond markets, geopolitical events, developments with the Trump Administration, corporate earnings, oil prices, and will turn to earnings from Apple after the bell today, and reports tomorrow on Japanese
PMI, Chinese Caixin
PMI,
Eurozone GDP,
PMI, Unemployment, US MBA Mortgage Applications, ADP Employment Change, Oil Inventories, and the FOMC Meeting Statement for near term direction.
Wall Street falls sharply amid tech and trade - war concerns: Reuters Korea expert recommends cancelling Trump - Kim meeting: CNBC US ISM Mfg Index edged down to still - strong 59.3 for March: MarketWatch US Mfg
PMI rose to 3 - year high in March: IHS Markit Construction spending in US posted a weak 0.1 % gain in February: Reuters
Eurozone mfg sentiment still positive in Mar, but eased to 8 - month low: IHS Markit German retail spending fell for third month in February: Reuters Fed funds futures predicting no change in rates at FOMC meeting in May: CME US visitor visas fall 13 % over past year: Politico
German Services
PMI was the weakest since September 2016, and the
eurozone reading also softened compared to March.
Currency, DAX, DAX 30,
Eurozone Final Services
PMI,
Eurozone Retail Sales, Forex News, gbp, German Buba President Weidmann, German Final Services
PMI, Market Pulse, S Unemployment Rate, US Average Hourly Earnings, US Nonfarm Employment Change
Currency, eur, EUR - USD, EUR / USD,
Eurozone Core Flash Estimate,
Eurozone CPI Flash Estimate,
Eurozone Final Services
PMI,
Eurozone PPI,
Eurozone Retail Sales, Forex News, French 10 - year Bond Auction, German Bubas President Weidmann, Market Pulse, Spanish 10 - year Bond Auction, US Average Hourly Earnings, US Challenger Job Cuts, US Factory Orders, US Final Services
PMI, US ISM Non-Manufacturing
PMI, US Natural Gas Storage, US Nonfarm Employment Change, US Preliminary Nonfarm Productivity, US Preliminary Unit Labor Costs, US Trade Balance, US Unemployment Claims, US Unemployment Rate, usd
The manufacturing
PMI measures the broad performance of the sector in the 19 countries that make up the
eurozone and is derived subsequent to a survey of 3,000 firms in the manufacturing sector.
Currency, eur,
Eurozone Final Services
PMI,
Eurozone Retail Sales, Forex News, French Final Services
PMI, French Government Budget Balance, French Trade Balance, German Final Services
PMI, Italian Services
PMI, Market Pulse, Spanish Employment Change, Spanish Services
PMI, US Average Hourly Earnings, US FOMC Member John Williams, US FOMC Member Randal Quarles, US FOMC Member Raphael Bostic, US FOMC Member William Dudley, US Nonfarm Employment Change, US Unemployment Rate, usd
On the release front, German and
Eurozone Services
PMIs for April came in at 53.0 and... Read more
The
eurozone's
PMI is published by Markit Economics, with the manufacturing
PMI for the previous month broadcast on the first working day of the following month and the services sector
PMI on the third working day.
Given the malaise in a number of key markets — as indicated by continuous weakness in a series of indicators, especially the
eurozone purchasing managers» indices (
PMIs)-- it is perhaps unsurprising that our survey showed falling demand from overseas.
In addition, by the end of August 2017,
eurozone unemployment was at an eight - year low, 5 while the
eurozone manufacturing purchasing managers» index (
PMI) 6 was at a six - year high.7 In the second quarter of 2017, European gross domestic product (GDP) growth was above US levels for the first time since 2007.8
Euro Zone: The
Eurozone Purchasing Managers» Index (
PMI) is an indicator of the economic health of the manufacturing sector.
Both the
Eurozone manufacturing and composite
PMI are above 50, and analysts are increasing their forecasts for earnings this year.