Private sector activity in Germany stays below neutral level in May

Source: RTT News
© Scanpix/FP
German private sector activity rebounded from the lowest level in 5 months in May, but still stayed below neutral level, when the composite output index grew from 49.2 recorded in April to 49.9 in May, the Markit Economics reported on Thursday. The report also showed that activity index of service sector climbed from 49.6 in April to 49.8 in May.

Back to articles

Actual Topics

Thu, 23 May 2013 13:43:04 GMT

EU changes its rhetoric on austerity as economy contracts

European leaders affirmed a $7.7 billion, 7 year plan to lower youth unemployment, which is at 24% in the euro zone. The 17-country bloc saw its GDP contracting for a sixth consecutive quarter, which lead European Commission to revise its 2013 forecast from -0.3% to -0.4%. However, Germany's budget expert told that easing pace of austerity is a dangerous path

Thu, 23 May 2013 13:54:03 GMT

Eurozone's private sector activity grows in May

Private sector activity in the 17-nation bloc continued to fall in May, but the pace of contraction was lower than in the month before, the Markit Economics showed in a survey on Thursday. The survey showed that the composite output index measuring performance of service and manufacturing sector grew from 46.9 to 47.7 in May, while it was expected to

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.