Latest Eurozone data released by Markit 5 Dec 2017
- Composite PMI 57.3 vs 57.6 expected
A slight dip in the number, and lower compared to expectations as well.
Markit points out a loss of momentum in growth for the month. It's the slowest rise in business activity for 3 months. Also, confidence towards the outlook for activity fell to near 8-month lows.
Full report here.
Not a bad number, but a drop compared to prior readings. This takes the shine away a bit from the other readings we have gotten earlier in the session from Italy and France.
EUR/USD unphased, still hovering at 1.1848 at the moment.
