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Germany’s flash composite PMI rose to 50.9 in August from 50.6, the highest since March and above market expectations of 50.2. Still, it was below the long-run 52.6 average, signaling modest growth. Manufacturing led with output at 52.6 on stronger new orders, while services stagnated at 50.1....
The HCOB Flash Germany Composite PMI fell for a fourth straight month to 47.2 in September 2024, the lowest since February, and below 48.4 in August and forecasts of 48.2. The reading pointed to a deeper contraction in private sector activity, amid a sharp and accelerated reduction in...
German business activity contracted in August for a second consecutive month and by more than expected, a preliminary survey showed on Thursday. The HCOB German flash composite Purchasing Managers' Index, compiled by S&P Global, fell to 48.5 in August from 49.1 in July, below the 49.2...
Germany’s private sector unexpectedly contracted in July as country’s manufacturing malaise worsened undermining hopes that growth will pick up in the second half of the year. S&P Global’s Purchasing Manager Index fell to 48.7 from 50.4 in the previous month, back below the 50...
The headline German IFO Business Climate Index declined to 88.6 in June from 89.3 in May. This reading came in below the market expectation of 89.7. The Current Assessment Index remained unchanged at 88.3 in the same period, while the Expectations Index edged lower to 89 from 90.4. Market...
Germany's annual inflation rate increased to 2.4% in May from 2.2% in April, provisional data from the Federal Statistical Office showed Wednesday. The latest reading is consistent with the consensus estimate. On a monthly basis, consumer prices were up 0.1%, against the expected 0.2%...
German private sector activity expanded in May for the second consecutive month, driven by strong activity in services, a preliminary survey showed on Thursday. The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 52.2 in May from 50.6 in April....
Germany's business activity climbed back to the expansion territory in April, mainly due to the services sector as manufacturing remains in contraction. The HCOB Germany Composite PMI Output Index came in at 50.5 in April, against the prior 47.7 and the expected 48.6, flash data from S&P...
German inflation eased for a third month in March, supporting expectations that the European Central Bank will start lowering interest rates in June. Consumer prices rose an annual 2.3% last month, according to the statistics office down from 2.7% in February and less than...
Germany’s business outlook improved much more than anticipated feeding hopes that the economy will recover from a malaise that’s turned it into the euro zone’s laggard. An expectations gauge by the Ifo institute rose to 87.5 in March from a revised 84.4 the previous month. That’s the...
Germany's economic downturn eased slightly in March as business activity in the country’s service sector came close to stabilising, a preliminary survey showed on Thursday. The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 47.4 in March from...
Germany’s manufacturing sector contraction unexpectedly deepened in February while the services sector activity improved, according to the preliminary business activity report from the HCOB survey published on Thursday. The HCOB Manufacturing PMI in the Eurozone’s economic powerhouse declined to...
German unemployment unexpectedly decreased in January, pointing to resilience in the labor market even after the economy contracted in the fourth quarter. Joblessness fell by 2,000 in the first month of 2024, compared with an estimate of an 11,000 gain in a Bloomberg survey. The unemployment...
Business activity in Germany's private sector continued to contract at an accelerating pace in early January, with HCOB Composite PMI declining to 47.1 from 47.4 in December. This reading came in below the market expectation of 47.8. HCOB Manufacturing PMI improved to 45.4 from 43.3 in the same...
German business expectations worsened for the first time since August, undermining hopes that a recovery in Europe’s biggest economy will take hold early next year. An expectations gauge by the Ifo institute fell to 84.3 in December from 85.1 the previous month. Analysts had expected a...
Germany's economic downturn worsened this month with both manufacturing and services activity contracting, a preliminary survey showed on Friday, pointing to a recession in Europe's biggest economy at the end of the year. The HCOB German Flash Composite Purchasing Managers' Index (PMI), compiled...
German inflation eased more than forecast in November on retreating energy and travel costs, putting the European Central Bank’s 2% target within reach. Consumer prices rose 2.3% from a year ago — down from 3% in October and less than the 2.5% estimated by economists in a Bloomberg...
Germany's downturn showed signs of easing in November with both manufacturing and services activity falling more slowly than in previous months, a preliminary survey showed on Thursday, raising hopes that a recession might be shallower than expected. The HCOB German Flash Composite Purchasing...
Germany’s business outlook improved slightly, supporting expectations for Europe’s largest economy to rebound modestly following a second recession in just over a year. An expectations index by the Ifo institute rose to 84.7 in October, up from a revised 83.1 the previous month. That...
Business activity in Germany contracted for a fourth straight month in October as manufacturing's downturn was matched by a renewed decline in services, a preliminary survey showed on Tuesday, suggesting a recession is well underway. The HCOB German Flash Composite Purchasing Managers' Index...
