Eurozone Flash Manufacturing PMI rises to 47.0 in August, EUR/USD keeps 1.1100

The Eurozone manufacturing sector activity showed an unexpected improvement while staying in the contraction territory this month, the latest manufacturing activity survey from IHS/Markit research showed.

The Eurozone manufacturing purchasing managers index (PMI) came in at 2-month highs of 47.0 in August vs. 46.2 expected and 46.5 last while the services PMI rose to 2-month highs of 53.4 vs. 53.0 expected and 53.2 last.

The IHS Markit Eurozone PMI Composite advanced from 51.5 in July to 51.8 in August, hitting fresh 2-month tops.