Free Trial

A really mixed German PMI report with...>

GERMAN DATA
GERMAN DATA: A really mixed German PMI report with manuf beating expectations
but services disappointing. Overall, it still looks as though the German economy
is struggling, particularly manufacturing, but there may be signs that we are
close to the bottom here. Highlights from the press release:
- "Employment levels steadied after falling in October, while expectations
towards output edged back into positive territory."
- "The rate of decline in factory production slowed for the second month running
to the weakest since August."
- "Fifth straight monthly decrease in total new orders" although "rates of
decline in order books slowed to the weakest for three and ten months" for
services and manufacturing respectively
- "Expectations towards output in a year's time turned positive for the first
time in four months"

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.