Germany HCOB Manufacturing PMI came in at 43.4 below forecasts (46.4) in June

Jun 21, 2024

Germany HCOB Services PMI registered at 53.5, below expectations (54.4) in June

German Preliminary Manufacturing PMI drops to 43.4 in June vs. 46.4 expected

The German manufacturing sector contraction unexpectedly deepened in June while the services sector also lost its expansionary momentum, the preliminary business activity report published by the HCOB survey showed Friday.