Eurozone: Disappointing flash PMIs for December – TDS

Sandeep Kanihama FXStreet Contributor

In view of analysts at TD Securities, Eurozone’s December flash PMIs were generally disappointing, particularly on the manufacturing side.

Key Quotes

“French manufacturing fell from 51.7 to 50.3 (mkt 51.5), reaching its lowest level in 3 months, while German manufacturing fell from 44.1 to 43.4 (mkt 44.6), reversing about half of the outsized 2pt gain last month.”

“While there had been some hope that manufacturing was finally finding its footing, today's results will leave more doubt about the recovery for Eurozone manufacturers.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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