German Preliminary Manufacturing PMI drops to 43.4 in June vs. 46.4 expected
Source Fxstreet
- Germany’s Manufacturing PMI dipped to 43.4 in June vs. 46.4 estimate.
- Services PMI for the German economy fell to 53.5 in June vs. 54.4 forecast.
- EUR/USD falls further below 1.0700 after weak German PMIs.
The German manufacturing sector contraction unexpectedly deepened in June while the services sector also lost its expansionary momentum, the preliminary business activity report published by the HCOB survey showed Friday.
The HCOB Manufacturing PMI in the Eurozone’s economic powerhouse arrived at 43.4 this month, deteriorating from May’s 45.4 while much below the expected 46.4 readout.
more to come ...
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Prioritize filling the $27,000 gap and even try higher.
Billionaire Elon Musk recently raised funds for his two high-profile tech companies, xAI and Neuralink.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
Silver (XAG/USD) is trading lower in an otherwise calm market session on Thursday.
As of the Asian session on July 30, gold prices ( XAUUSD) surged and then retraced following the Federal Reserve meeting, once falling to $4,028.62 during the session. From a market persp
Related Instrument
