- Analytics
- News and Tools
- Market News
- Germany's preliminary manufacturing PMI rises in April, while services PMI declines
Germany's preliminary manufacturing PMI rises in April, while services PMI declines
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for Germany on Friday. Germany's preliminary manufacturing PMI climbed to 51.9 in April from 50.7 in March, beating forecasts of a rise to 51.0.
The rise in the manufacturing PMI was driven by a stronger demand from foreign markets.
Germany's preliminary services PMI was down to 54.6 in April from 55.1 in March. Analysts had expected index to increase to 55.2.
"The German private sector economy is continuing its unspectacular expansionary trend at the beginning of the second quarter. Although growth remained uninspiring and the headline PMI dropped to a 9-month low, the index was down only fractionally since March and is still indicative of modest growth," Markit's economist Oliver Kolodseike noted.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
