The Eurozone Manufacturing Purchasing Managers Index (PMI) was 47.1 in March, the index dropped to a four-month low.
According to the latest factory activity report from S&P Global research, the Eurozone manufacturing sector contracted more in March.
The bloc’s Services was 55.6 in March, up from 52.5 expected and 52.7 in February, a 10-month high.
The S&P Global Eurozone PMI Composite increased to 54.1 in March, up from 51.9 expected and 52.0 the previous month. The index reached a fresh 10-month high.
PMI reaction on Market
With the release of the mixed Eurozone PMIs, the EURUSD continues under pressure near 1.0775. During the day, the spot is down 0.50%.
