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Germany September flash manufacturing PMI 39.8 vs 39.5 expected

Prior 39.1Services PMI 49.8 vs 47.2 expectedPrior 47.3Composite PMI 46.2 vs 44.8 expectedPrior 44.6The beats here, in particular the services sector, is some relief for the euro. But make no mistake, these are still rather poor readings when you take them at face value and the overall economy is still in contraction territory. Once again, faltering demand conditions are to blame and that isn't likely to improve significantly in Q4. HCOB notes that:"The German services PMI stopped its slump and n... Read More

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Content Topics

Germany

September

Flash

Manufacturing

39 Expected

Forex

Posted: Sep 22 2023, 07:30

Author Name: forexlive

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