Eurozone PMI rises to nine-month high as factory activity accelerates
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The USD/CAD pair remains under some selling pressure for the third consecutive day and trades near a three-month low, just above mid-1.3700s during the first half of the European session on Friday.
Preliminary HCOB Manufacturing Purchasing Managers’ Index (PMI) in the Eurozone expands surprisingly at a faster pace to 52.8 in August from 51.9 in July.
Social welfare spending in Germany rose to 21.5 billion euros in 2025. Assistance with care in particular increased significantly, as figures from the Federal Statistical Office show.
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