GERMAN PRELIMINARY MANUFACTURING PMI DROPS TO 47.0 IN JANUARY VS. 47.9 EXPECTED

25 Jan 2023, 15:56 · 閱讀量 83

German Manufacturing PMI arrives at 47.0 in January vs. 47.9 expected.
Services PMI in Germany jumps to 50.4 in January vs. 49.7 expected.
EUR/USD erases gains near 1.0870 on mixed German PMIs.

The German manufacturing sector recovery dwindled in January even as inflation continues to slow, the preliminary manufacturing activity report from S&P Global/BME research showed this Tuesday.

The Manufacturing PMI in Eurozone’s economic powerhouse came in at 47.0 this month vs. 47.9 expected and 47.1 prior. The index dropped to two-month lows.

more to come ...

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