Eurozone Preliminary Manufacturing PMI eases to 44.8 in September vs. 45.6 expected
Source Fxstreet
- Eurozone Manufacturing PMI declined to 44.8 in September, below the 45.6 consensus.
- Bloc’s Services PMI slips to 50.5 in September vs. 52.4 forecast.
- EUR/USD remains in the red near 1.1100 after German, Eurozone PMI data.
The Eurozone manufacturing sector contraction gathered steam while the services sector activity turned south in September, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Monday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) dropped from 45.8 in August to 44.8 in September, missing the expected 45.6 figure. The index plunged to a nine-month low.
The bloc’s Services PMI tumbled from 52.9 in August to 50.5 in September. The data came in way below market foeecast of 52.4 and hit a seven-month bottom.
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