Germany PMI Manufacturing recovered from 49.3 to 49.8 in August, above expectation of 48.1.PMI Services dropped from 49.7 to 48.2, below expectation of 49.0, an 18-month low. PMI Composite dropped from 48.1 to 47.6, a 26-month low. Phil Smith, Economics Associate Director at S&P Global Market Intelligence said: “The PMI data paint a bleak picture […]
The post Germany PMI composite dropped to 47.6, continued weak manufacturing and slowdown in service appeared first on Action Forex.
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