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A really mixed German PMI report with...>

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"

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