Eurozone Preliminary Manufacturing PMI steadies at 45.2 in December vs. 45.0 expected

Eurozone Manufacturing PMI stayed unchanged at 45.2 in December, beating 45.0 estimate.
Bloc’s Services PMI rose to 51.4 in December vs. 49.4 expected.
EUR/USD keeps gains near 1.0500 after German, Eurozone PMI data.

Dhwani Mehta FXStreet

The Eurozone manufacturing sector remained in contraction while the services sector activity improved in December, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Monday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) stayed unchanged at 45.2 in December, bettering the estimated 45.0.

The bloc’s Services PMI expanded to 51.4 in December from 49.5 in November. The data came in above the market consensus of 49.4 and reached a two-month high.

The HCOB Eurozone PMI Composite improved to 49.5 in December vs. November’s 48.3. The data hit a two-month top.

EUR/USD reaction to the Eurozone PMIs data

EUR/USD defends bids above 1.0500 on the mixed Eurozone PMI data, adding 0.09% on a daily basis.

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.

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