Germany PMI composite output dropped to 25-mth low, outlook turning increasingly negative

Germany PMI Manufacturing dropped from 52.0 to 49.2 in July, below expectation of 50.6. That’s the lowest level in 25 months. PMI Services dropped from 52.4 to 49.2, below expectation of 50.6. That’s the lowest level in 7 months. PMI Composite output dropped from 51.3 to 48.0, a 25- month low. Paul Smith, Economics Director […]

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