Manufacturing PMI indices for February from Europe were released this morning. Reports were not expected to trigger any major market moves as most of them were revisions to an already-released flash data.
Data from Spain turned out to be better-than-expected, while data from Italy missed expectations slightly. Those two were first releases. When it comes to revisions (France, Germany and euro area), they were small but positive. Nevertheless, PMI data continues to show that the manufacturing sector in all major European economies, apart from Spain, remains in contraction.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appEUR moved lower following PMI revisions, but scale of the move was very small. European equity indices also moved lower, but moves were small as well.
Manufacturing PMIs for February
- Spain: 51.5 vs 50.0 expected (49.2 previously)
- Italy: 48.7 vs 49.2 expected (48.5 previously)
- France: 47.1 vs 46.8 in first release (43.1 previously)
- Germany: 42.5 vs 42.3 in first release (45.5 previously)
- Euro area: 46.5 vs 46.1 in first release (46.6 previously)
EURUSD moved slightly lower following February's manufacturing PMI revisions. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
