S&P Global Manufacturing PMI (EUR) comes in at 52.7 against 52.8 consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
The S&P Global Manufacturing PMI for the Eurozone was released today, showing a reading of 52.7. This figure came in slightly below the consensus expectation of 52.8 and was also lower than the previous month’s reading of 52.8. The actual print represented a -0.2% surprise compared to the consensus forecast.
Measured market reaction over the initial 15 minutes showed EUR pairs generally declining against several counterparts. EURAUD moved -6.5 pips, EURCAD -5.4 pips, EURGBP -1.6 pips, EURJPY -10 pips, EURNZD -8.0 pips, and EURUSD -6.4 pips. EURCHF registered a slight gain of +0.3 pips. These observed movements over 15 minutes are relatively small when compared to the historical median 1-hour moves for these pairs. For instance, EURUSD has a median 1-hour move of 7 pips after past releases, and EURJPY has a median 1-hour move of 9 pips.