Eurozone Preliminary Manufacturing PMI falls to 45.7 in March vs. 47.0 expected
- Eurozone Manufacturing PMI dropped to 45.7 in March, missing estimates of 47.0
- Bloc’s Services PMI climbed to 51.1 in March at vs. 50.5 anticipated.
- EUR/USD stays directed toward 1.08500 after German, Eurozone PMI data.
The Eurozone manufacturing sector activity downturn extended while the services sector continued to expand in March, according to the data from the HCOB's latest purchasing managers index survey released on Thursday.
The Eurozone Manufacturing Purchasing Managers Index (PMI) arrived at 45.7 in March, as against the consensus forecast of 47.0 and the 46.5 recorded in February. The index fell to a three-month low.
The bloc’s Services PMI rose to 51.1 in March from 50.2 in February, hitting a fresh nine-month high while beating the estimate of 50.5.
The HCOB Eurozone PMI Composite increased to 49.9 in March vs. 49.7 expected and February’s 46.3 print. The index also set a nine-month top.
EUR/USD reaction to the Eurozone PMIs data
EUR/USD is consolidating the latest leg down near 1.0890 after mixed Eurozone PMIs. The spot is down 0.25% on the day, at the press time.
Euro price today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Australian Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.42% | 0.26% | 0.20% | -0.09% | 0.28% | 0.12% | 1.17% | |
| EUR | -0.43% | -0.15% | -0.20% | -0.51% | -0.15% | -0.29% | 0.75% | |
| GBP | -0.26% | 0.15% | -0.06% | -0.35% | 0.00% | -0.13% | 0.90% | |
| CAD | -0.21% | 0.21% | 0.05% | -0.30% | 0.05% | -0.08% | 0.96% | |
| AUD | 0.10% | 0.51% | 0.35% | 0.31% | 0.35% | 0.22% | 1.25% | |
| JPY | -0.28% | 0.13% | -0.02% | -0.07% | -0.39% | -0.14% | 0.88% | |
| NZD | -0.12% | 0.30% | 0.14% | 0.08% | -0.21% | 0.17% | 1.05% | |
| CHF | -1.18% | -0.76% | -0.91% | -0.96% | -1.27% | -0.89% | -1.06% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
