Eurozone Preliminary Manufacturing PMI eases to 45.6 in August vs. 45.8 expected
FXStreetAug 22, 2024 8:01 AM
- Eurozone Manufacturing PMI declined to 45.6 in August, missing the 45.8 estimate.
- Bloc’s Services PMI jumped to 53.3 in August vs. 51.9 anticipated.
- EUR/USD remains in the red below 1.1150 after German, Eurozone PMI data.
The Eurozone manufacturing sector extended its downturn while the services sector activity rebounded in August, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Thursday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) fell from 45.8 in July to 45.6 in August, below the market forecast of 45.8.
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