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Following the weaker than expected......>

GERMAN DATA
GERMAN DATA: Following the weaker than expected France PMI, another
disappointing PMI from Germany, with manufacturing in particular below consensus
expectations. Interesting in particular the citing of weak demand from China.
- Weakest improvement in business conditions since March 2016.
- Third straight month of falling manufacturing order books and fastest fall
since Nov 2014.
- New export business fell for 4th month in a with a drop in sales to China
cited.

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