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24 Mar 2025

Eurozone Preliminary Manufacturing PMI rises to 48.7 in March vs. 48 expected

Eurozone Manufacturing PMI rose to 48.7 in March, beating 48 forecast.
Bloc’s Services PMI dropped to 50.4 in March vs. 51 estimate.
EUR/USD keeps the green near 1.0850 after German, Eurozone PMI data.

The Eurozone manufacturing sector contraction eased, while service sector activity underperformed in March, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Monday.

The Eurozone Manufacturing Purchasing Managers Index (PMI) improved to 48.7 in March from 47.6 in February, beating the market consensus of 48.

The bloc’s Services PMI declined to 50.4 March from 50.6 in February. The data came in below the anticipated 51 reading.

The HCOB Eurozone PMI Composite arrived at 50.4 in March, following February’s 50.2.

Mar 24, 2025

Eurozone HCOB Composite PMI increased to 50.4 in March from previous 50.2

US Dollar Index (DXY) slides below 104.00; seems vulnerable to weaken further

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on a three-day-old recovery from a multi-month low and attracts fresh sellers at the start of a new week.