Services PMI in Germany at lowest since 2009

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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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Wed, 03 Oct 2012 09:21:48 GMT

U.K. services sector expand less than forecast in September

U.K. service sector output advanced at a weaker-than expected rate in September, as economy posted the first net decline in employment in last ten months, Markit Economics said on Wednesday. The seasonalized Services Purchasing Managers Index dropped 1.5 points to 52.2, compared to 53.7 in August. Analysts had forecast a reading of 53.1."With no Bank Holidays until Christmas and the

Wed, 03 Oct 2012 12:39:44 GMT

French private sector falls more than expected in September

French service sector tumbled at a faster-than-expected pace in September, Markit Economics revealed final data on Wednesday. The seasonallized composite output index slipped to a 42-month low of 43.2, compared to 48 in August and below preliminary estimate of 44.1. The service sector PMI was at 45 from 49.2 in the preceding month, and up from initial 46.1. The activity

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