S&P Global Construction PMI (EUR) comes in at 44.3
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The S&P Global Construction PMI for the Eurozone was reported today at 44.3. This figure compares to the previous month’s reading of 42.8. No consensus estimate was available for this release.
Following the release, EURAUD moved up 12 pips after 15 minutes. EURJPY also saw an upward move of 11 pips over the same period. Other pairs showed smaller movements, with EURUSD up 1.1 pips, EURCAD up 1.1 pips, EURCHF up 1.9 pips, EURGBP up 2.0 pips, and EURNZD up 5.6 pips. Historically, after past releases of this event, EURAUD has shown a median 1-hour move of 11 pips, with top-quarter releases moving 19 pips or more. EURJPY has typically seen a median 1-hour move of 13 pips, with top-quarter releases moving 23 pips or more. For EURUSD, the median 1-hour move has been 7 pips, and top-quarter releases have moved 14 pips or more. The moves observed so far are relatively small compared to the typical 1-hour moves for most pairs, though EURAUD and EURJPY are approaching their median 1-hour moves.