Eurozone manufacturing PMI rises slower than expected

June 1, 2015

The final seasonally adjusted Eurozone Manufacturing PMI printed at 52.2, matching March’s ten-month high but printing lower than the initial estimate of 52.3. 

The rate of expansion in activity ticked lower, however, new business and new export orders both rose at the fastest rates in just over a year. This encouraged firms to employ more staff, thereby leading to employment gains for the ninth month running. 

Input prices rose for the third month running and to the greatest extent since April 2012, although average output charges were unchanged since April. 

As per Chris Williamson, Chief Economist at Markit, “The final PMI data came in slightly below the earlier flash estimate but nevertheless signalled that euro area manufacturers are enjoying their best spell of growth for a year. The survey data point to a quarterly rate of industrial growth of approximately 0.5%. This should help drive GDP higher in the second quarter, perhaps matching the 0.4% rise seen in the first three months of the year.” 

Publication source
OctaFX information  OctaFX reviews

February 23, 2017
FOMC meeting minutes signal rate hike fairly soon – dollar unimpressed
The minutes from the most recent FOMC meeting three weeks ago – the first such meeting since Donald Trump’s presidential inauguration – were released on Wednesday afternoon...
February 23, 2017
Political instability hits the Euro
The Euro plummeted to a 6-week low in today’s trading session before slightly recovering as predictions of political instability swept through the European Union on the back of upcoming elections due out in the upcoming months...
February 23, 2017
Gold prices remained under pressure
The precious metal traded mostly sideways on Wednesday. Tuesday’s recovery helped gold to reverse all its early losses. Buyers returned the spot to the 1240 hurdle where the pair XAU/USD stood still the first part of the day...

 FXTM Rating
OctaFX Rating
OANDA Rating
Fort Financial Services Rating
FXCM Rating
Larson&Holz IT Ltd Rating

Anyoption Rating
Migesco Rating
EZTrader Rating
Empire Option Rating
First Binary Option Service Rating
Banc De Binary Rating