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Germany April flash manufacturing PMI 44.0 vs 45.7 expected
Prior 44.7Services PMI 55.7 vs 53.3 expectedPrior 53.7Composite PMI 53.9 vs 52.7 expectedPrior 52.6Similar to the French report earlier, there is a divergence as the services sector picks up strongly while the manufacturing sector sees a further downturn on the month. The former is at at 12-month high while the latter slumps to a 35-month low. A pick up in demand conditions contributed to stronger services activity while manufacturing weakened amid further pressure on order books. HCOB notes tha...
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Posted: Apr 21 2023, 07:30
Author Name: forexlive
Views: 082097