BREAKING: Mixed PMIs from France and Germany

8:36 AM January 22, 2021

Flash PMI indices from France and Germany have been released at 8:15 am GMT and 8:30 am GMT respectively. Highlights of the reports:

France

  • Manufacturing: 51.5 vs 50.5 expected

  • Services: 46.4 vs 48.5 expected

Germany

  • Manufacturing: 57 vs 57.2 expected

  • Services: 46.8 vs 45 expected

Releases turned out to be mixed and highlighted how latest coronavirus restrictions impact the economy - services continue to contract while the manufacturing sector continues to expand. Equity indices moved lower following French release but the downward move was halted after German data. Nevertheless, DE30 continues to trade below the 13,800 pts price zone.

Source: xStation5

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