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
Silver price (XAG/USD) rallies further to near $72.70 during the early European trading session on Wednesday.
The cryptocurrency market showed selective altcoin outperformance in 2025, with Bitcoin maintaining a high dominance, suggesting continued investor preference for BTC.
After failing to turn the $90,000 area, Bitcoin (BTC) continues to move within its local range with apparent no clear direction. Some market observers have suggested that the flagship crypto will
Bitcoin is predicted to potentially hit $100,000 following a significant options expiry valued at $23.7 billion.
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
