EUR/USD regains 1.16 as German Preliminary Manufacturing PMI betters estimates with 50.0 in July
- German Manufacturing PMI arrives at 50.0 in July vs. 48.0 expected.
- Services PMI in Germany improves to 56.7 in July vs. 50.5 expected.
The German manufacturing sector returned to expansion in July, the preliminary manufacturing activity report from IHS/Markit research showed this Friday.
The German Manufacturing purchasing managers index (PMI) arrived at 50.0 in July versus 48.0 expected and 45.2 previous.
Meanwhile, Services PMI rebounded to 56.7 in July as against previous month’s reading of 47.3 and 50.5 anticipated.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.