Eurozone's composite PMI rose to 51.7 in August from 50.5 in July. Economists had forecast the index to rise to 50.9 in August.
The euro spiked higher against its major counterparts after the report. As of 4:02 am ET, the European shared currency was trading at 1.3361 against the dollar, 131.30 against the yen, 0.8564 against the pound and 1.2342 against the Swiss franc.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.