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Germany August final manufacturing PMI 39.1 vs 39.1 prelim

Prior 38.8No change to the initial estimate as Germany's manufacturing sector remains in a deep recession, with output falling at its fastest pace since May 2020. Subdued demand conditions continue to be the root cause of the problems here but at least there is some easing in both input costs and output prices. HCOB notes that:"The darkest hour is just before dawn. This may be the situation the German manufacturing sector is in. To be sure, output falling at the steepest rate since 2020 doesn't... Read More

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Content Topics

Germany

August

Final

Manufacturing

39 Prelim

Forex

Posted: Sep 1 2023, 07:55

Author Name: forexlive

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