Latest data released by Markit/BME – 5 December 2018
- Prior 54.7
- Composite PMI 52.3 vs 52.2 prelim
- Prior 53.4
Preliminary readings can be found here. The services component holds steady but there is a mild improvement to the composite reading, but nothing substantial. The overall downtrend still remains for German survey sentiment and it doesn’t indicate a solid rebound to come in Q4 if hard data supports the notion here.
EUR/USD is a little higher to 1.1340 now as the dollar gives back some of its earlier gains. EUR/GBP is flat on the day at 0.8907.