Eurozone new orders increase for first time in 15 months | Metals Mine

  • Eurozone new orders increase for first time in 15 months

    From pmi.spglobal.com

    New orders increased in the Eurozone during August according to provisional PMI® survey data, thereby ending a period of decline stretching back to June 2024. The renewed expansion in new business helped lead to a further pick-up in business activity, which rose to the greatest extent in 15 months. Companies also increased their staffing levels, the sixth month running in which this has been the case. Meanwhile, inflationary pressures strengthened, with both input costs and output prices rising at sharper rates in August. Output and demand The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index, based ... (full story)

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ZforexCM
Aug 21, 2025 3:26am
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EUR/USD holds steady after Eurozone PMI
The pair is still near 1.1645 as traders digest Eurozone PMI, which showed new orders rising for the first time in 15 months. Manufacturing hit a 41-month high, while services softened slightly. Inflation pressures also ticked higher, keeping ECB cautious.

Levels to watch:
Resistance: 1.1770
Support: 1.1600

Focus now shifts to Powell’s Friday speech and U.S. PMI for the next catalyst.
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