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Germany July final manufacturing PMI 38.8 vs 38.8 prelim

Prior 40.6This just reaffirms the ugly preliminary estimate as German manufacturing slumped heavily as we enter into Q3. The headline reading is the lowest since May 2020 as a deepening decline in output and new orders was observed. HCOB notes that:"These are ugly figures. The fall in demand for German manufactured goods, as measured by the survey’s new orders index, is one of the most pronounced over roughly the last 30 years. We’re also seeing substantial cuts to both stocks of purchases and o... Read More

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Content Topics

Germany

July

Final

Manufacturing

38 Prelim

Forex

Posted: Aug 1 2023, 07:55

Author Name: forexlive

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