10:10 AM ยท 3 February 2025

German and Eurozone Final Manufacturing PMI higher than expected ๐Ÿ“Œ

Today, the final European manufacturing PMI reading came in mixed, but in the case of the largest eurozone economy, Germany, the reading came in stronger than expected. Also, the Eurozone Final PMI for January came in higher, slightly strengthening the euro. Here is the breakdown.

  • Switzerland manufacturing PMI (January) came in 47.5 vs 49.1 exp. and 48.4 previously
  • Spanish manufacturing PMI (January) dropped to 50.9 vs 53.5 exp. and 53.3 previously
  • Italy manufacturing PMI (January) came in 46.3 vs 49.1 exp. and 46.2 previously
  • France manufacturing PMI (January) dropped to 45 vs 45.3 exp. and 45.3 previously
  • Germany manufacturing PMI (January) came in 45.1 vs 44.1 exp. and 44.1 previously
  • Eurozone manufacturing PMI (January) dropped to 46.6 vs 46.1 exp. and 46.1 previously
  • United Kingdom manufacturing PMI (January) 48.3 vs 48.2 exp. and 48.2 previously

According to ECB Villeroy ‘Trump's tariffs will increase economic uncertainty, and it is a very worrying development.’ Also, ECB Simkus commented that potential US tariffs will hurt European economies, potentially increasing inflation; he expects that ECB will cut rates once in March and probably 'a couple more', in later months.

Source: XTB Reserach, Bloomberg Finance L.P.


 
26 June 2026, 6:48 PM

Daily Summary: Will the S&P 500 close the week with a lossโ“Find out what drove the market today โฌ‡๏ธ

26 June 2026, 7:42 AM

Economic Calendar: US consumer sentiment and Fed speeches in the focus (26.06.2026)

25 June 2026, 2:42 PM

Market Wrap: Markets Rally on Strong Micron Data (25.06.2026)

25 June 2026, 1:47 PM

BREAKING: PCE Inflation and income raise ๐Ÿ“ˆEURUSD gains 0,2%

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 Comissรฃo de Valores Mobiliรกrios (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