- Analytics
- News and Tools
- Market News
- ECB’s Economic Bulletin: Monetary policy shocks have greater impact on manufacturing than services
ECB’s Economic Bulletin: Monetary policy shocks have greater impact on manufacturing than services
The latest study conducted by the European Central Bank (ECB) assessed the impact of the rising interest rates on the Eurozone’s services and manufacturing sectors’ activity, according to the central’s Economic Bulletin published on Tuesday.
Key takeaways
"The dynamics in manufacturing contain information relevant to the near-term dynamics in services, and thus for the rest of the economy,"
"Manufacturing appears to lead services... whereas no clear leading relation can be established in the other direction."
“The overall impact of the downturn on services is likely to be smaller.”
"Monetary policy shocks have an impact on manufacturing that is almost twice as strong and around two quarters faster than their impact on services.”
Market reaction
The Euro seems to have come under fresh selling pressure on the above headlines, driving EUR/USD lower to near 1.0935, down 0.10% so far.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
