German Preliminary Manufacturing PMI declines to 41.0 in June vs. 43.5 expected Germany EconomicIndicator EURUSD PMI Manufacturing
Services PMI in Germany drops to 54.1 in June vs. 56.2 expected.The German manufacturing sector contraction worsened in June while the services sector slowed its pace of expansion, the preliminary business activity report from the HCOB survey showed this Friday. in Eurozone’s economic powerhouse came in at 41.0 this month, compared with 43.5 expected and 43.2 previous figure. The index hit a 37-month low.
The HCOB Preliminary Germany Composite Output Index arrived at 50.8 in June vs. 53.5 expected and May’s 53.9. The gauge recorded a four-month low. is extending losses below 1.0900 on the downbeat German data. The pair is trading 0.81% lower at 1.0865, at the time of writing.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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