S&P Global Manufacturing PMI (EUR) comes in at 51.9 against 52.0 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The S&P Global Manufacturing PMI for the Eurozone was released today at 51.9. This figure came in slightly below the consensus expectation of 52.0, representing a -0.2% surprise against forecasts. The previous month’s reading was also 52.0.
Following the release, market reaction across EUR pairs has been relatively subdued in the first 15 minutes. EURAUD saw a gain of +2.4 pips, while EURCAD declined by -4.1 pips. EURCHF moved -1.5 pips lower, and EURGBP edged up +0.6 pips. EURJPY registered a -2.2 pip drop, EURNZD fell by -1.9 pips, and EURUSD gained +0.7 pips. These initial moves are small when compared to the typical median 1-hour moves for these pairs, which range from 6 pips for EURCHF to 13 pips for EURNZD after past releases of this event.