French and German Manufacturing / Service PMI mixed

Market news

23 January 2015

French and German Manufacturing / Service PMI mixed

While the French Services PMI for January was below expectations with a reading of 49.5 compared to 50.9 German Services PMI improved from 52.1 to 52.7 beating estimates by 0.1.

The Manufacturing PMI in France improved according to Markit Economics with a reading of 49.5, compared to forecasts of 48.1 and a previous reading of 47.5.Whereas Germany's Manufacturing PMI fell unexpectedly last month. The index declined from 51.2 to 51.0. Economists expected a reading of 51.8.

Markets now await data on Eurozone's PMI due at 09:58 GMT.

Eurozone: Manufacturing PMI, January 51.0 (forecast 51.0)

Germany: Services PMI, January 52.7 (forecast 52.6)

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