BREAKING: European services PMI data surprises to the upside

Eurozone: services PMI index for September 51,4 points. (forecast: 50.5 points; previous: 52.9 points).
Germany: PMI index for services for September 50.6 pts. (forecast: 50.6 points; previous: 51.2 points).
France: PMI index for services for September 49.6 pts. (forecast: 48.3 points; previous: 48.3 points).
Italy: PMI index for services for September 50.5 pts. (forecast: 50.2 points; previous: 50.8 points).
Spain: PMI index for services for September 57.0 pts. (forecast: 54.0 points; previous: 54.6 points).

Overall, the PMI data are performing well. Most European economies are breaking out above the contraction zone, and the data themselves are also above expectations. The EURUSD pair is trading under slight downward pressure today, nevertheless, after the readings themselves we do not notice an exaggerated reaction.

Source: xStation

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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