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Germany June flash services PMI 54.1 vs 56.2 expected

Prior 57.2Manufacturing PMI 41.0 vs 43.5 expectedPrior 43.2Composite PMI 50.8 vs 53.5 expectedPrior 53.9I typically report the manufacturing reading as the headline for Germany (since it matters more for the economy) but after the French miss earlier, the services reading is under big scrutiny. And it is also another disappointing reading and just adds to the pressure to the euro and ECB surely.The manufacturing sector also slumped further, as the German economy just marginally squeezed out a l... Read More

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Content Topics

Germany

June

Flash

Services

54

56 Expected

Forex

Posted: Jun 23 2023, 07:30

Author Name: forexlive

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