German PMI declines less than forecast

Source: WBP Online
© Scanpix/AFP
Germany's industrial and services sector eased this month less than previously expected. With the manufacturing PMI readings gradually falling from January the data from August came out at 52.0 down from 52.4 in the previous month. In addition, the services PMI was at 54.1 after it had reached a 37-month high of 56.5 in July.
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