US manufacturing PMI Details from the February 2017 US Markit manufacturing PMI flash report 21 February 2017Prior 55.0Output 55.7 vs 56. priorNew orders 56.2 vs 57.4 priorInput costs at the highest since Sep 2014Output costs fall to a 3 month low"The drop in the flash PMI numbers for Februarysuggest that the post-election upturn has lost somemomentum. Says Markit's Chris WilliamsonAs Markit also note, the variation between input and output costs is a gauge on profit margins. Growth of business output, new ordersand hiring all waned, as did inflationary pressures. If margins are still maintained as prices rise, then the Fed would feel more confident in hiking.
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BME February mftg PMI flash 57.0 vs 56.0 exp
Germany Markit/BME February PMI flash report 21 Feb56.4 prevservices 54.4 vs 53.6 exp vs 53.4 prevcomposite 56.1 vs 54.8 exp/prevEURUSD not impressed by the better data and posts new session lows of 1.0563 with EURJPY also on lows of 119.85 and leading the way as yen demand returns. More from Markit here
Eurozone Markit February mftg PMI flash 55.5 vs 55.0 exp
Eurozone Markit February PMI flash 21 Feb55.2 prevservices 55.6 vs 53.7 exp/prevcomposite 56.0 vs 54.3 exp vs 54.4 prevPositive tones as growth approaches 6-year highEURUSD nudging back up to 1.0564 but not data related. More from Markit here EURJPY and EURGBP both finding some dip-demand again as ranges prevail.
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