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Germany August flash manufacturing PMI 39.1 vs 38.7 expected
Prior 38.8Services PMI 47.3 vs 51.5 expectedPrior 52.3Composite PMI 44.7 vs 48.3 expectedPrior 48.5Ouch. That services reading is really awful as German business activity suffers its steepest decline since May 2020. Now both the manufacturing and services sectors are seen contracting and that is going to lead to fresh worries about the outlook heading into the final stretch of the year. Despite the improvement in the headline, manufacturing output was seen falling to a 39-month low. HCOB notes t...
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Posted: Aug 23 2023, 07:30
Author Name: forexlive
Views: 111747