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Germany July flash manufacturing PMI 38.8 vs 41.0 expected

Prior 40.6Services PMI 52.0 vs 53.1 expectedPrior 54.1Composite PMI 48.8 vs 50.3 expectedPrior 50.6Ugh, that's a really ugly headline reading as the manufacturing sector contracts sharply with the PMI reading falling below 40(!). The services sector is at least helping to offset that somewhat but also missed on estimates in July. That sees the German economy fall into contraction territory to start Q3. The euro is falling further here alongside regional bond yields. HCOB notes that:"This is a ba... Read More

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Content Topics

Germany

July

Flash

Manufacturing

38

41 Expected

Forex

Posted: Jul 24 2023, 07:30

Author Name: forexlive

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