Read more
8:30 AM · 23 September 2024

BREAKING: EUR drops after French and German PMIs

Flash PMI indices for August from France and Germany were released today at 8:15 am BST and 8:30 am BST, respectively. Data was expected to show manufacturing sector indices in both countries remaining in contraction territory (below 50 points), while services sector indices were expected to remain in expansion territory (above 50 points).

French data turned out to be worse than expected - manufacturing PMI missed expectations, while services index showed a big decline, from 55 in August to 48.3 in September. EUR and European indices slumped following the release.

German data turned out to be a disappointment, with both indices missing expectations. However, the services sector managed to remain in expansion territory. EUR and indices from the Old Continent moved lower following release of German data.

 

France, flash PMIs for September

  • Manufacturing: 44 vs 44.2 expected (43.9 previously)
  • Services: 48.3 vs 53.1 expected (55 previously)
  • Composite: 47.4 vs 51.5 expected (53.1 previously)

Germany, flash PMIs for September

  • Manufacturing: 40.3 vs 42.3 expected (42.4 previously)
  • Services: 50.6 vs 51 expected (51.2 previously)
  • Composite: 47.2 vs 48.2 expected (48.4 previously)

 

8 May 2026, 1:30 PM

BREAKING: US Labor Market Stronger Than Expected, While Wage Pressure Eases. EURUSD gains!🚨

8 May 2026, 11:59 AM

📈 EURUSD up 0.4% before the NFP

8 May 2026, 7:20 AM

Economic calendar: NFP and central bankers to fight for the spotlights with war updates (08.05.2026)

7 May 2026, 9:45 AM

NOK surges following Norges Bank's rate hike

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits