Free Trial
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.
GERMAN DATA
Germany September flash PMI was 46.2 (vs 44.6 prior). Services printed at 49.8 (vs 47.3 prior; 47.1 cons). Manufacturing was 39.8 (vs 39.1 prior; 39.5 cons). The prints all remain in contractionary territory, but are off the low levels seen in August. Key notes from the release are:
- "The downturn continued to be driven by a drop in demand for goods and services, with total inflows of new work falling for the fifth consecutive month in September."
- "Both monitored sectors recorded marked reductions in new business from abroad."
- "Prices charged by service providers continued to rise relatively sharply, although the rate of inflation sank to a 28-month low."
- "By contrast, input cost inflation faced by businesses ticked up for the second month running to the quickest since May."
- "Sentiment weakened in both monitored sectors, although in the case of services it remained marginally positive."
- "Employment fell slightly at the end of the third quarter amid broad-based caution towards hiring."
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok