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Eurozone PMI Data Slightly Below Expectations

08:15 AM GMT, France – PMI Data for February:

  • HCOB France Manufacturing PMI: actual 45.5; forecast 45.3; previous 45.0;
  • HCOB France Composite PMI: actual 44.5; forecast 48.0; previous 47.6;
  • HCOB France Services PMI: actual 44.5; forecast 48.8; previous 48.2;

08:30 AM GMT, Germany – PMI Data for February:

  • HCOB Germany Services PMI: actual 52.2; forecast 52.4; previous 52.5;
  • HCOB Germany Composite PMI: actual 51.0; forecast 50.8; previous 50.5;
  • HCOB Germany Manufacturing PMI: actual 46.1; forecast 45.4; previous 45.0;

09:00 AM GMT, Euro Zone – PMI Data for February:

  • HCOB Eurozone Services PMI: actual 50.7; forecast 51.5; previous 51.3;
  • HCOB Eurozone Manufacturing PMI: actual 47.3; forecast 46.9; previous 46.6;
  • HCOB Eurozone Composite PMI: actual 50.2; forecast 50.5; previous 50.2;

The Services PMI were weaker than economists had expected.

The reaction in the EURUSD pair is mild following the Eurozone data. However, weak readings could reinforce dovish sentiment. Source: xStation.

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