BREAKING: EUR drops slightly after services PMI revisions

Final services PMI readings for May from European countries were released this morning. Revised data from France and Germany, as well as whole euro area, showed lower PMI readings than flash releases. Releases from Spain and Italy also missed expectations and came in lower compared to a month ago. Nevertheless, services sector in all major European economies is still in expansion with PMI readings above 50 pts threshold.

Spain: 56.7 vs 56.8 expected (57.9 previously)
Italy: 54.0 vs 57.0 expected (57.6 previously)
France: 52.5 vs 52.8 in first release (54.6 previously)
Germany: 57.2 vs 57.8 in first release (56.0 previously)
Euro area: 55.1 vs 55.9 in first release (56.2 previously)

EUR moved slightly lower on those releases with EURUSD looking back towards daily lows in the 1.0682 area. Equity indices did not saw any major reaction to PMIs today.

EURUSD at 5-minute interval. Source: xStation5

20 October 2025, 7:01 PM

Daily summary: A green start to the new trading week 📈

20 October 2025, 7:02 AM

BREAKING: Producer Inflation in Germany lower than expected

20 October 2025, 6:52 AM

Macro Calendar: Quiet Start to an Eventful Week

20 October 2025, 6:32 AM

Morning wrap (20.10.2025)

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BREAKING: EUR drops slightly after services PMI revisions

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