Eurozone December flash manufacturing PMI 45.9 vs 47.3 expected

Latest data released by Markit – 16 December 2019

  • Prior 46.9
  • Services PMI 52.4 vs 52.0 expected
  • Prior 51.9
  • Composite PMI 50.6 vs 50.7 expected
  • Prior 50.6
No surprises there as the drop in the manufacturing print has been foreshadowed by the more sluggish French and German prints earlier. Overall, this points to more stagnation seen in the euro area economy in Q4 as the composite reading keeps steady just above 50.