December 2017 Eurozone Markit services PMI final 4 January 2018

  • Flash 56.5. Nov 56.2. Highest since Apr 2011
  • Output prices 52.0 vs 51.8 flash. Nov 52.1
  • Composite 58.1 vs 58.0 flash. Nov 57.5. Highest since Feb 2011
  • New orders 58.0 v s57.9 flash. Nov 57.3. Highest since Jul 2007

Markit said;

Upward price pressures abated slightly in December, with rates of increase in input costs and output charges both easing for the first time in five months. The pace of inflation signalled for each price measure remained strong relative to their long-run trends, however, and among the steepest seen over the past six-and-a-half years.

EURUSD doing nothing at 1.2029.

Services recap;

  • Spain 54.6 vs 54.8 exp. Prior 54.4
  • Italy 55.4 vs 54.7 exp. Prior 54.7
  • France 59.1 v s59.4 exp. Prior 59.4
  • Germany 55.8 vs 55.8 exp/prior

Ryan Littlestone

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Philosophy: “Don’t be a Dick for a tick”

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Ryan Littlestone

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