German Preliminary Manufacturing PMI rises to 47.4 in December vs. 46.3 expected

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German Preliminary Manufacturing PMI rises to 47.4 in December vs. 46.3 expected
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German Preliminary Manufacturing PMI rises to 47.4 in December vs. 46.3 expected Germany PMI EconomicIndicator EURUSD Manufacturing

Manufacturing PMI

Meanwhile, Services PMI jumped from 46.1 in November to 49.0 in December as against the 46.3 estimated. The PMI hit the lowest level in two months. “Although still in contraction territory, the headline index pointed to a shallower downturn in overall business activity in December, as the declines in both manufacturing and services eased.” is keeping its range play intact around 1.0635 on the upbeat German data. The spot is trading 0.14% higher on the day.

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