Source: ForexYard
Flash reports on the euro zone regional economy have shown manufacturing to be in decline. France did report a positive bump in manufacturing, but Germany and the broader region are indicating a decline. The reports on Germany are perhaps the most disconcerting of the data considering its recent importance in stabilizing the region.
Germany reported a downtick in their flash manufacturing figure from last month’s 50.3 to this month’s 48.9. The indicator has begun to weigh somewhat on the value of the euro (EUR) as investors adjust their appetite for risk in a region which appears to be slowing on the manufacturing and industrial fronts.
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