{"id":252052,"date":"2024-02-22T14:11:02","date_gmt":"2024-02-22T08:41:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=252052"},"modified":"2024-02-22T14:11:02","modified_gmt":"2024-02-22T08:41:02","slug":"german-preliminary-manufacturing-pmi-unexpectedly-drops-to-42-3-in-february-vs-46-1-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/german-preliminary-manufacturing-pmi-unexpectedly-drops-to-42-3-in-february-vs-46-1-expected-crypto-news\/","title":{"rendered":"German Preliminary Manufacturing PMI unexpectedly drops to 42.3 in February vs. 46.1 expected &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>Germany\u2019s Manufacturing PMI dropped\u00a0to 42.3 in February vs. the forecast of 46.1.<\/strong><\/li>\n<li><strong>Services PMI for the German economy rose\u00a0to 48.2 in February vs. 48.0 expected.<\/strong><\/li>\n<li><strong>EUR\/USD keeps gains above 1.0850 after mixed German PMIs.<\/strong><\/li>\n<\/ul>\n<p>Germany\u2019s manufacturing sector contraction unexpectedly deepened in February while the services sector activity improved, according to the preliminary business activity report from the HCOB survey published on Thursday.<\/p>\n<p>The\u00a0HCOB\u00a0Manufacturing PMI\u00a0in the Eurozone\u2019s economic powerhouse declined to 42.3 this month, as against the 46.1\u00a0expected\u00a0and\u00a0January\u2019s 45.5. The index hit the lowest level in four months.<\/p>\n<p>Meanwhile, Services <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\" data-fxs-autoanchor=\"\">PMI<\/a> rose from 47.7 in January to 48.2 in February. The market expectations were for a 48.0 print in the reported period. The measure touched a fresh two-month high.<\/p>\n<p>The HCOB Preliminary German Composite Output Index came in at 46.1 in February vs. 47.5 expected\u00a0and 47.0 previous reading. The gauge tumbled to a four-month low.<\/p>\n<h2 class=\"fxs_headline_medium\">FX implications<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">EUR\/USD<\/a>\u00a0failed to react to the mixed German data.\u00a0The pair is trading 0.45% higher on the day at 1.0865, as of writing.<\/p>\n<p><!--CURRENCIES MODULE STARTS HERE--><\/p>\n<div data-cnt-module-topic=\"euro\" data-cnt-module-type=\"currencyprices\" id=\"content-module-currencyprices-euro\">\n<h2>Euro price today<\/h2>\n<p>The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.<\/p>\n<table border=\"1\" style=\"width: 100%;text-align: center;border-collapse: collapse;font-size: 1.8svh\">\n<tbody>\n<tr>\n<td style=\"background-color: #F2F2F2\">\u00a0<\/td>\n<td style=\"background-color: #F2F2F2\"><strong>USD<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>EUR<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>GBP<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>CAD<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>AUD<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>JPY<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>NZD<\/strong><\/td>\n<td style=\"background-color: #F2F2F2\"><strong>CHF<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>USD<\/strong><\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.45%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.45%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.43%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.59%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.12%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.57%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.45%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>EUR<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.41%<\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.04%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.04%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.19%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.28%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.15%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.04%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>GBP<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.48%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.05%<\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.02%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.14%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.33%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.11%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.02%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>CAD<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.42%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.03%<\/td>\n<td style=\"background-color:#888A93;color: #fff\">0.00%<\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.15%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.31%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.12%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.01%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>AUD<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.58%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.14%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.14%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.15%<\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.47%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.03%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.14%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>JPY<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.11%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.31%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.36%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.30%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.51%<\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.46%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.29%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>NZD<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.56%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.15%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.11%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.12%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.03%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.43%<\/td>\n<td>\u00a0<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.13%<\/td>\n<\/tr>\n<tr>\n<td style=\"background-color: #F2F2F2\"><strong>CHF<\/strong><\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.42%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.02%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.03%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.01%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.17%<\/td>\n<td style=\"background-color:#9CD6CD;color: #fff\">0.30%<\/td>\n<td style=\"background-color:#FAAFB5;color: #fff\">-0.14%<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-size: 11px\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)\/JPY (quote).<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p><!--CURRENCIES MODULE ENDS HERE--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: Germany\u2019s Manufacturing PMI dropped\u00a0to 42.3 in February vs. the forecast of 46.1. Services PMI for the German economy rose\u00a0to 48.2 in February vs. 48.0 expected. EUR\/USD keeps gains above 1.0850 after mixed German PMIs. Germany\u2019s manufacturing sector contraction unexpectedly deepened in February while the services sector activity improved, according to the preliminary business activity [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":252053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,843,433,728,255,250,1064,252,1063,247,253,249,256,254],"class_list":["post-252052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-economicindicator","tag-eurusd","tag-germany","tag-gta","tag-looks-rare","tag-manufacturing","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=252052"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252052\/revisions"}],"predecessor-version":[{"id":252059,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/252052\/revisions\/252059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/252053"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=252052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=252052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=252052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}