The German July flash PMI data:
- Manufacturing: Actual 38.8, Expected 41, Previously: 40.6
- Services: Actual 52, Expected 53.1, Previously: 54,1
Manufacturing PMI for July was significantly lower than expected, coming in at a very low value of 38.8 versus the expected 41 indicating a significant contraction in the sector.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app- The services sector, although missing July estimates, is somewhat offsetting the downturn in manufacturing.
- The German economy has entered contraction territory at the start of Q3 due to these factors, leading to a drop in the euro and regional bond yields.
EURUSD, M15 interval, source xStatio 5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
