Latest data released by Markit/ADACI - 5 February 2018
- Prior 55.4
- Composite PMI 59.0 vs 57.4 expected
Another solid reading following that of Spain's earlier in the day. Markit notes that upturn in demand saw activity surge higher to start off the year and that optimism rose to its highest level since May 2011 - which helped drive further gain in employment.
The headline PMI also shows the fastest growth in more than 10 years.
EUR/USD almost unchanged on the day at 1.2462. EUR/GBP is at 0.8817, little changed as well. Meanwhile, EUR/CHF is at 1.1583 - a little lower on the day as the swissie gains on the back of a rout in the equities market.
