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UK September final services PMI 50.8 vs 50.0 prelim

UK September final services PMI 50.8 vs 50.0 prelim

Final Services PMI 50.8 vs. 50.0 expected and 52.0 prior.Final Composite PMI 50.5 vs. 49.9 expected and 51.8 prior.Key findings:Marginal overall rise in business activity in November Staffing numbers decrease for second month running Weakest output growth projections...

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Eurozone November final services PMI 49.5 vs 49.2 prelim

Eurozone November final services PMI 49.5 vs 49.2 prelim

Prior 51.6Composite PMI 48.3 vs 48.1 prelimPrior 50.0Despite the slightly better revisions, both the services and composite readings are at 10-month lows. Weak demand conditions are being cited as the main reason new orders declining again and this time at its...

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Germany November final services PMI 49.3 vs 49.4 prelim

Germany November final services PMI 49.3 vs 49.4 prelim

Final Services PMI 49.3 vs. 49.4 expected and 51.6 prior.Final Composite PMI 47.2 vs. 47.3 expected and 48.6 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 49.3 (Oct: 51.6). 9-month low. HCOB Germany Composite PMI Output Index at 47.2 (Oct:...

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France November final services PMI 46.9 vs 45.7 prelim

France November final services PMI 46.9 vs 45.7 prelim

Prior 49.2Composite PMI 45.9 vs 44.8 prelimPrior 48.1The revisions are positive but they are still markedly lower compared to the October readings. Of note, French services demand experienced its sharpest decline in a year as business confidence also sunk to a...

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Italy November services PMI 49.2 vs 51.2 expected

Italy November services PMI 49.2 vs 51.2 expected

Services PMI 49.2 vs. 51.2 expected and 52.4 prior.Composite PMI 47.7 vs. 51.0 prior.Key findings:Service sector registers fresh decline in activity, albeit only marginal Fastest decline in new business for over two years Slight increase in payroll numbers, but...

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USD/JPY bounce starts to gain some traction

USD/JPY bounce starts to gain some traction

After running into a test of its 100-day moving average (red line) on Monday, the pair did so again in trading yesterday. That owed to a bid in the Japanese yen after the whole martial law fiasco in South Korea involving president Yoon. And as the drama died down,...

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Spain November services PMI 53.1 vs 53.2 expected

Spain November services PMI 53.1 vs 53.2 expected

Prior 54.9Composite PMI 53.2Prior 55.2That's the weakest reading since January as services activity in Spain slows further in November. That said, demand conditions are still holding up and HCOB notes that severe floods in some areas of the country have had an impact...

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PMI data to move things along in European trading today

PMI data to move things along in European trading today

The dollar is sitting more mixed on the day with light changes for the most part. The notable mover in Asia has been the aussie, which pushed lower after the more disappointing Q3 GDP report here. That saw AUD/USD drop briefly to its lowest since August before holding...

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