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Neutral macro statistics from Europe

Neutral macro statistics from Europe | 01 October 2021

01 October 2021, EUR/USD

Neutral macro statistics from Europe

EURUSD trading plan:

Euro zone manufacturing growth remained strong in September. IHS Markit's final manufacturing Purchasing Managers' Index sank to 58.6 in September from August's 61.4, and just below an initial 58.7 "flash" estimate. Those bottlenecks kept pressure on the costs of the raw materials factories need. The input prices index only nudged down from August's 87.0 to 86.9. "While euro zone manufacturing expanded at a robust pace in September, growth has weakened markedly as producers report a growing toll from supply chain headwinds," said Chris Williamson, chief business economist at IHS Markit.

Investment idea: range 1.1535 -1.1620

David Johnson
Analyst of «FreshForex» company
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