Eurozone Services PMI January 45.0 vs 44.5 expected
Markit 22 Jan
- Manufacturing PMI 54.7 vs 54.4 expected
- Composite PMI 47.5 vs 47.6 expected
Another divergence between manufacturing and services which makes sense as the social (services sector) is more vulnerable to COVID-19 transmission. EURUSD unfazed on this and the coming vaccine will mean all this will be looked through in the big picture.