The composite business activity index of 19 eurozone countries rose in June to 54.8 points from 54.1 points in May, driven by growth in services, preliminary data from IHS Markit showed. Analysts had predicted a decline in the index to 53.9 points. In June, the indicator retreated from the 18-month low reached in May, but its value was the second lowest in the last 17 months. At the same time PMI services sector reached a maximum in June for four months, rising from 53.8 points to 55 points. The index of business activity in the manufacturing sector dropped from 55.5 points to 55 points, noting the minimum value for 18 months. In June, there was an acceleration in the growth of new orders after a slowdown in May to a minimum of 1.5 years. The pace of job creation in June was the highest since January this year. The expectation index of the relative future production fell to a minimum in 19 months.
Euro gains as U.S.-China trade deal back in focus23.06.2020
Japan factory activity at 11-year low as pandemic presses22.06.2020
NZ central bank to retain rates, dovish view on virus-driven turbulence19.06.2020
Dollar slips as concerns mount over potential second wave; Euro also in focus