| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:30 | Germany | Manufacturing PMI | October | 40.6 | 40.8 | 42.6 |
| 07:30 | Germany | Services PMI | October | 50.6 | 50.6 | 51.4 |
| 08:00 | Eurozone | Manufacturing PMI | October | 45.0 | 45.3 | 45.9 |
| 08:00 | Eurozone | Services PMI | October | 51.4 | 51.5 | 51.2 |
| 08:30 | United Kingdom | Purchasing Manager Index Manufacturing | October | 51.5 | 51.4 | 50.3 |
| 08:30 | United Kingdom | Purchasing Manager Index Services | October | 52.4 | 52.4 | 51.8 |
EUR traded mixed against other major currencies in the European session on Thursday as investors digested the preliminary PMI figures for the euro area, indicating that business activity in the euro area continued contracting this month.
S&P Global reported its flash estimates showed the Eurozone manufacturing Purchasing Managers’ Index (PMI) increased to 45.9 in October from 45.0 in the previous month, topping economists’ forecast of 45.3 but remaining below the 50-mark separating expansion from contraction. Meanwhile, the Eurozone's services PMI slipped to 51.2 from 51.4 in September, slightly missing economists’ projection of 51.5. As a result, the region’s flash composite PMI, which tracks business activity in both manufacturing and service sectors, came in at 49.7, marginally up from 49.6 in September but slightly below economists’ estimate of 49.8.
The latest data justify the markets' bets that the European Central Bank might lower its key interest rates by 50 basis points in December to support the religion’s struggling economy.