S&P Global Composite PMI (EUR) comes in at 52 against 52.1 consensus

The S&P Global Composite PMI for the Eurozone was released today, September 3, 2026, printing at 52. This figure came in slightly below the consensus expectation of 52.1. The previous reading for the index was also 52.1. The actual print represented a -0.2% surprise compared to the market consensus.

Following the release, the Euro saw varied movements against major currencies over the initial 15 minutes. EURAUD moved -11 pips, EURCAD moved -5.1 pips, and EURJPY moved -11 pips. EURCHF saw a move of -0.2 pips, EURGBP moved -0.4 pips, EURNZD moved -5.0 pips, and EURUSD moved -3.5 pips. Comparing these initial 15-minute reactions to historical median 1-hour moves, which are typically 12 pips for EURAUD, 9 pips for EURCAD, 5 pips for EURCHF, 8 pips for EURGBP, 9 pips for EURJPY, 13 pips for EURNZD, and 7 pips for EURUSD, most pairs have shown relatively small moves so far.