Latest data released by Markit - 18 April 2019
- Prior 49.7
- Services PMI 50.5 vs 49.8 expected
- Prior 49.1
- Composite PMI 50.0 vs 49.7 expected
- Prior 48.9
The manufacturing print comes in slightly softer than expected but that is offset by the beat in the services print. There isn't much to gather here but overall, the composite reading improved slightly so that shouldn't be a drag on the euro.
For some context, the services print touches a five-month high but the manufacturing print is a 32-month low. All eyes will be on the German reading now instead.
