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Here come eurozone PMIs...

Mike Bird   

Here come eurozone PMIs...
Finance1 min read

Renzi Hollande

REUTERS/Philippe Wojazer

It's purchasing managers' index (PMI) day, with the results of business surveys around the world rolling out.

It's now the turn of the eurozone.

Since it's the flash, we only get a look at two countries - France and Germany, the bloc's largest economies.

The scoring is simple - anything above 50 signals growth, the higher above 50 the better. Anything below shows a contraction.

A downturn or upswing in those countries sometimes provides a signal of what's going on in the rest of the eurozone - and crucially it comes before any hard data is released by national statistical agencies.

Here's what we've got:

  • France manufacturing PMI: 50.7 (50.2 expected, 50.6 previous)
  • France services PMI: 52.3 (51.6 expected, 51.9 previous)
  • Germany manufacturing PMI: 51.6 (51.7 expected, 52.3 previous)
  • Germany services PMI: 55.2 (53.9 expected, 54.1 previous)
  • Eurozone manufacturing PMI: Out at 9 a.m. UK time (4 ET) - 51.8 expected, 52 previous.
  • Eurozone services PMI: Out at 9 a.m. UK time (4 ET) - 53.5 expected, 53.7 previous.

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