Eurozone Preliminary Manufacturing PMI eases to 44.8 in September vs. 45.6 expected

  • Eurozone Manufacturing PMI declined to 44.8 in September, below the 45.6 consensus.
  • Bloc’s Services PMI slips to 50.5 in September vs. 52.4 forecast.
  • EUR/USD remains in the red near 1.1100 after German, Eurozone PMI data.   

The Eurozone manufacturing sector contraction gathered steam while the services sector activity turned south in September, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Monday.

Eurozone HCOB Manufacturing PMI came in at 44.8 below forecasts (45.6) in September

Eurozone HCOB Manufacturing PMI came in at 44.8 below forecasts (45.6) in September
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EUR/USD slides below 1.1100 as Eurozone PMI surprisingly contracts

EUR/USD faces sharp selling pressure and falls below the crucial support of 1.1100 in Monday’s European session.
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