Germany Markit/BME Feb PMI flash data now out 21 Feb
- 61.1 prev
- services PMI 55.3 vs 57.0 exp vs 57.3 prev
- composite 57.4 vs 58.5 exp vs 59.00 prev
Softer provisional readings sees EURUSD a tad lower again at 1.2316 after failing at 1.2340
EZ flash data out at the top of the hour.
Says Markit:
- The IHS Markit Flash Germany Composite Output Index, which is based on around 85% of usual monthly responses, dipped to a three-month low of 57.4 in February, from January's 81-month high of 59.0. Nevertheless, the latest reading was still among the highest seen since early-2011 and reflected robust, albeit slower, growth across both the manufacturing and service sectors.
- The IHS Markit Flash Germany Manufacturing PMI was at 60.3 in February, down from 61.1 in January and its lowest reading since last August. Factory output growth stayed strong but eased to a four-month low, the pace of expansion moderating further from December's recent peak
Full report here
