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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
MNI (London)
GERMANY APR FLASH MANUF PMI 44.0 (FCST 45.7); MAR 44.7
GERMANY APR FLASH SERVICES PMI 55.7 (FCST 53.4); MAR 53.7
The German services flash PMI improved by two points to a 12-month high of 55.7 in April (vs a 0.3-point decline expected), whilst the manufacturing PMI declined 0.7 points to a May 2020 low of 44.0 (against expectations of a 1-point uptick).
- In contrast, the manufacturing output PMI rose to 50.3 in April. The recent substantial improvements in supply chains, which saw a record improvement in delivery times in April, contribute negatively to the headline PMI as they signal slowing demand. Backlogs continue to support current production levels, indicating underlying weakness in the manufacturing sector.
- Services demand picked up in April, with new work inflows accelerating the most in a year.
- Manufacturing demand continued to weaken, albeit to a lesser extent than in recent months.
- Business expectations edged down for a second consecutive month and job creation rose again, driven by strong services recruiting.
- Input and output charged prices cooled further, led by manufacturing, with factory input prices falling at the fastest pace in close to 3.5 years. Higher wage demands kept service input prices elevated, adding to the service-price inflation conundrum faced by the ECB as they grapple with sticky price pressures.
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.
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