Market Overview

22 March 2019 11:22

Maria Gregoriou

Today the Euro lost significant ground after the latest Purchasing Managers’ Index (PMI) data was released from IHS Markit. The results show that economic activity is needed in two major European economies, that of France and Germany, and also in the Eurozone in general.  With regard to the French economy, the PMI for the industrial sector registered a value of 49.8 opposed to the anticipated  51 figure or above. Concerning the services sector, PMI also fell below expectations, registering at 48.7, which is below the forecast number of 50.6.

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