PMI (Purchasing Manufacturing Index) is one of the important indicators exhibiting economic health of respective country that react to the business that helps you to illustrate the market conditions. There are several indicators today, highlighting the economic conditions:
In today’s meeting there are several decisions which can act as slightly better than ever. The few highlights of the meeting are given below:
Hence, from the above competitive landscape report, we predict an optimistic view on “France” as it will slightly improve the EURO currency.
German PMI Data has seized the optimism in the service sector. The highlights of the report are given below:
– Strong growth rate in sectors such as: a) Germany Composite Output Index and b) Germany Services Activity Index has shown a rise of 0.4% and 0.8% respectively.
– While it has stated a decline in manufacturing sectors such as: a) Germany Manufacturing PMI and b) Manufacturing Output Index with a change of -0.7% and -0.8%
“Since the France Economy is considered as one of the services sector economy, hence it has shown the strong growth, however we can predict that the Manufacturing Companies in France can show a negative growth rate” – Seven Star FX team
However, we predict slightly bullish view for this month
Positivity with USA Flash Manufacturing PMI with an increase of 0.3% – 0.5%
Today the US government has been discussing the Manufacturing PMI. It has already garnered the positivity. With a decrease in several factors such as
While it has shown a rise in Average Labour Rate has not only increased the purchasing power, but also posted the positivity for the economy as a whole the several previous data given below:
Hence, due to above fundamental factors we predict a rise of “53.3% to 53.7%’’. Hence, in American Session we predict the bullish view on the industry.