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The Composite PMI Index Of The Euro Zone, The Euro Is Still Bright, Depressed

23 June 2015, 17:02
hermanfendy
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The index of manufacturing and services in the Euro zone in the afternoon (11/06) reported the increase quite surprising to the highest level in more than four years this month, with the growth in Germany and France are starting to gain momentum. The two countries are the two largest economies in the country's top Euro zone.


Euro


France Began To Rise

Markit economists today released data that showed that the combined index PMI rose to 54.1 in June level, than ever before in 33.3 in May. The number 50 is the boundary that separates between contractions with expansion, where a joint Euro zone PMI dieskpektasikan will decrease to the 53.5 economists by Bloomberg. Even France, which in the last few months cannot also showed progress in the manufacturing sector, this time scored the highest increase since the year 2011, in line with the rise of growth in Germany. The activity of the private sector in Germany is also expanding in a faster pace than predicted.


Even so, the Euro has not been able to rise from the pressure in the middle of meetings talks Greece who have not also utan resulted in the deal. EUR/USD position stood at 1.1241, down from the high levels reached on Monday yesterday in 1.409. The single currency also lost power the currency against the Yen and the pound sterling, with EUR/JPY that dropped 0.64 percent to 139.99 and EUR/GBP that slid down as much as 0.4 percent to position 0.7123. '


According to Markit Chief Economist, Chris Williamson, the economy of the Euro zone are currently overshadowed by Greece's debt problems, grow relatively well. Apparently, the stimulus that was launched by the European Central Bank (ECB) and weak Euro have to synergize growth the eurozone to 0.4 percent in the first quarter. Markit PMI indices also mentioned that currently shows that the region encompassing 19 countries that grow in the same rate between April to June.


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