Services PMI in Germany at lowest since 2009

Note: This section contains information in English only.
Source: Forexpros

Markit, a market research group, reported on Wednesday that German service activity decreased at the most rapid rate since March 2009 on a quick drop in employment. German services PMI was revised down to 49.7 in the previous month from a preliminary estimate of 50.6. Following the release of the data the Euro dipped 0.08% versus the U.S. Dollar to trade at $1.2908.

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