Eurozone August flash services PMI 48.3 vs 50.5 expected

<ul><li>Prior 50.9</li><li>Manufacturing PMI 43.7 vs 42.6 expected</li><li>Prior 42.7</li><li>Composite PMI 47.0 vs 48.5 expected</li><li>Prior 48.6</li></ul><p>The services and composite readings are at 30-month and 33-month lows respectively. That is the key thing to note as the euro area economy is slumping further in August. The ECB is going to have a tough job to balance out the narrative ahead of next month now. Days like these are the best meme days:</p>

This article was written by Justin Low at www.forexlive.com.