Written By Basilio Chen

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The EU Zone flash composite PMI misses it estimate and falls to 45.8 to a 40-month low. Flash manufacturing PMI falls from 46.1 to 45.3, below expectation.  Service sector rises from 46.1 to 46.2 a very marginal – if any – rise, also below expectation.

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Germany’s manufacturing PMI fell from 47.4 to 45.7, much worse than expectated.  Services also remain rather unchanged services but with a slight fall from 49.7 to 49.3, also below expectation. On the other side, France’s manufacturing PMI rises from 42.7 to 43.5, but also below expectation.  Services rises from 45.0 to 46.2, better than expectation.