The euro fell sharply in morning trade with data in the euro zone as data showed that private sector growth in Germany, the eurozone and German GDP.
The private sector in the euro area is at its lowest pace in four years
The eurozone private sector grew at its slowest pace in nearly four years in November, with expansions in both manufacturing and services slowing, according to flash estimates from IHSMarket on Friday.
The composite PMI, or PMI, which combines manufacturing and services, fell to 52.4 from 53.1 in October. Economists had expected a score of 53.
The last reading was the lowest since December 2014. The PMI reading above level 50 indicates a growth in the sector.
Manufacturing PMI fell to a 30-month low of 51.5 from 52 in October. Economists had expected the reading to remain unchanged.
The PMI index fell to a 25-month low of 53.1 from 53.7 in October. Economists were looking for a 53.6 reading.
Germany’s gross domestic product fell in the third quarter of 2018
The latest GDP statistics released by the Office of the country’s Destatis figures on Friday showed a decline of 0.2% in economic growth in the third quarter of 2018 compared to the previous quarter, adjusted price and seasonal effects. The preliminary estimate, released nine days ago, showed the same figure, marking the first quarterly decline since the first quarter of 2015.
The euro fell in morning trade after European data
