India's manufacturing sector showed signs of slowing in August, with the HSBC Manufacturing PMI falling to 57.5 from 58.1 in July. New orders and...
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Maroc - FINANCIALMIRROR.COM - A La Une - 22/Aug 13:01
Soft Eurozone wage growth, weak German PMI weigh on Euro
The EURUSD currency pair eased to 1.1130 Thursday, from a fresh year-to-date high of 1.1175 posted on Wednesday, falling slightly as weak German flash HCOB Composite PMI for August and soft Q2 Eurozone Negotiated Wage Rates weigh on the Euro. The flash German PMI report showed that activities in the manufacturing sector contracted at a faster-than-expected pace to 42.1. In the services sector, activities expanded at a slower-than-projected pace to 51.4. On the contrary, Eurozone Composite PMI unexpectedly rose to 51.2, beating economists’ expectations. The report showed that the strong expansion came from robust growth in the service sector’s activity. The Service PMI expanded strongly to 53.3 from the
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