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Euro zone's business activity appreciates

Euro zone's business activity appreciated, since the beginning of 2015, for the month of September at the slowest pace, amid the firms having stopped discounting for the first time, as per a survey today.

Euro zone's service and manufacturing sectors split

Similarly, there was a split between the service sector and the buoyant manufacturers, as well as among the currency union members where Germany reported a slowdown to a 16-month low and France having approached a 15-month high.

The euro zone's composite PMI declined from 52.9 to 52.6, still showing weakness having recorded the lowest figure since the beginning of 2015.

Furthermore, the ECB, despite that the economy was expected to respond better, has unleashed extraordinary stimulus measures.

Moreover, the region's service industry declined from 52.8 to 52.1, the weakest reading since the end of 2014 as well as being lower compared to the economists' predictions.

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Friday, 23 Sep, 2016 / 12:55

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/euro-zone-s-business-activity-appreciates

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