Germany’s PMI composite falls to 48.5, risk of another recession growing

Germany’s PMI data for August paints a bleak picture, with both the manufacturing and services sectors underperforming. PMI Manufacturing dropped from 43.2 to 42.1, falling short of the expected 43.5. PMI Services also declined, falling from 52.5 to 51.4, below the expected 52.4. This led to a decrease in PMI Composite, which fell from 49.1 […]

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