📊🇺🇸Region Divergence Widens In October On Soft EU PMI: Cable FX Macro
- Rosbel Durán
- Oct 24, 2023
- 1 min read
France Oct. HCOB Flash Composite PMI 45.3; Est 44.6
Germany Oct. HCOB Flash Composite PMI 45.8; Est 46.6
Eurozone Oct. HCOB Flash Composite PMI 46.5; Est. 47.4
UK Oct. Flash Composite PMI 48.6 Vs 48.5; Est 48.5
US Oct. Flash Composite PMI 51 vs 50.2
Breaking down EU surveys, Germany surprised to the downside, while France outperformed. Both services and manufacturing gauges fell in the preliminary euro area October reading
Euro area composite PMI has been in contractionary territory for five straight months now
The softness in the EU widens the divergence to the U.S. economic performance, U.S. October flash composite PMI came in above both the estimate and the prior figure at 51.0
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