- German Manufacturing PMI arrives at 45.7 in March vs. 39.6 expected.
- Services PMI in Germany drops to 34.5 in March vs. 42.3 expected.
The German manufacturing sector contraction quickened more-than-expected in March, the preliminary manufacturing activity report from IHS/Markit research showed this Tuesday.
The German Manufacturing purchasing managers index (PMI) arrived at 45.7 versus 39.6 expected and 48.0 previous, hitting a new two-month low.
Meanwhile, Services PMI hit a record low level of 34.5 in March as against previous months reading of 52.5 and 42.3 anticipated.
The IHS Markit Flash Germany Composite Output Index crashed to a 133-month low of 37.2 in March vs. 40.6 expectations.
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