10:32:46 21-08-2025
German Preliminary Manufacturing PMI unexpectedly jumps to 49.9 in August vs. 48.8 expected
- Germany’s Manufacturing PMI advanced to 49.9 in August vs. 48.8 forecast.
- Services PMI for the German economy dropped to 50.1 in August vs. 50.3 estimates.
- EUR/USD stays defensive near 1.1650 after mixed German PMIs.
The German manufacturing sector contraction continued to ease in August while the services sector expansion faltered, the preliminary business activity report published by the HCOB survey showed on Thursday.
The HCOB Manufacturing PMI in the Eurozone’s economic powerhouse jumped to 49.9 in August, as against July’s 49.1, beating the market consensus of 48.8. The measure hit a 38-month high.
more to come ....