German services PMI in August remained unchanged from preliminary reading

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Source: Forexpros

Markit reported on Wednesday that German service activity in August fell to its lowest since July 2009. The German services PMI remained unchanged from a first estimate at 48.3 on a seasonally adjusted basis. Following the release of the data, the Euro dipped 0.32% versus the U.S. dollar and was traded at 1.2527.

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Wed, 05 Sep 2012 13:51:28 GMT

Services PMI in Spain rises unexpectedly

Markit Financial Information Services reported on Wednesday that services PMI in Spain increased to 44.0 in August on a seasonally adjusted basis from the July's figure of 43.7. Analysts, however, expected that the index would fall to 43.3. The rate of contraction of the service sector in Spain was the lowest since March, but the sector contracted for the fourteenth month in a row.

Wed, 05 Sep 2012 13:29:29 GMT

Hong Kong PMI climbs in August

Hong Kong private sector PMI advanced a five-month fast pace in August, Markit Economics reported on Wednesday. The benchmark HSBC PMI climbed to 50.5, the strongest level since March 2012, in August from 50.3 in preceding month. Meanwhile, the number of incoming new businesses was unchanged from July and firms decreased their workforce for a fourth straight month.

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