German Preliminary Manufacturing PMI unexpectedly rises to 42.6 in October vs. 40.5 expected
Written by admin on October 24, 2024
- Germany’s Manufacturing PMI jumps to 42.6 in October vs. 40.5 estimate.
- Services PMI for the German economy bounces to 51.4 in October vs. 50.5 forecast.
- EUR/USD holds small gains toward 1.0800 after upbeat German PMIs.
The German manufacturing sector witnessed a tepid recovery in October while the services sector activity also rebounded, the preliminary business activity report published by the HCOB survey showed Thursday.
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