Germany January services PMI 46.8 vs 45.0 expected

Author: Giles Coghlan | Category: News

Markit/BME - 22 Jan

German Services
  • Prior 47.0 
  • Manufacturing PMI 57.0 vs 57.2 expected
  • Prior 58.3
  • Composite PMI  50.8 vs 50.0 expected
  • Prior 52.0
Services picked up a little on the expectations, but manufacturing misses slightly. A little pick up in the EURUSD on this. However, nothing to get excited over as lockdowns in Germany continue to bite and services remain in contractionary territory.  Eurozone PMI's up next at the top of the hour.  

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