Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

The index of business activity in the eurozone in February rose better than forecast


February, 21 2023
watermark Economic news

According to preliminary estimates, the composite PMI business activity index in industry and services of 19 eurozone countries rose to 52.3 points in February from 50.3 points in January. Analysts expected the indicator to grow only to 50.6 points.


If we consider separately, the business activity index only in the service sector rose to 53 from 50.8 points, and in industry it decreased to 48.5 from 48.8 points in January. Experts' forecasts were 51 and 49.3 points, respectively.


The composite PMI in industry and services of Europe's largest economy, Germany, rose to 51.1 points from the January level of 49.9 points. Analysts expected the indicator to grow only to 50.4 points. 


The PMI of the German services sector increased to 51.3 points from 50.7 points in January, in industry it decreased to 46.5 points from 47.3 points. Analysts expected indicators at 51 points and 47.8 points, respectively.


The composite PMI of France, according to preliminary estimates, rose to 51.6 points from the January level of 49.1 points. Analysts expected growth only to 50.1 points. The country's PMI in the service sector rose to 52.8 points from 49.4 points a month earlier, and in industry it fell to 47.9 points from 50.5 points. Analysts predicted indicators at the level of 49.9 and 50.9 points, respectively.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.