Latest data released by INSEE - 25 June 2019
- Prior 106
- Manufacturing confidence 102 vs 104 expected
- Prior 104
Business confidence holds steady for the month but there is a slight dip in manufacturing confidence, though that is reflective of sentiment surround the manufacturing sector in the euro area these days. Of note, services sector confidence rose to 107 from 106 in May and that's the highest reading since April 2018.
Overall, a mixed report but it continues to highlight the mixed fortunes of the region's manufacturing and services sector over the past few months. EUR/USD holds steady near unchanged levels just under the 1.1400 handle currently.
