Home Breaking: EUR/USD remains below 1.10 as German Preliminary Manufacturing PMI misses estimates with 36.8 in May

Breaking: EUR/USD remains below 1.10 as German Preliminary Manufacturing PMI misses estimates with 36.8 in May

Updated: 21 May. 2020 | 09:32

German Manufacturing PMI arrives at 36.8 in May vs. 39.2 expected.

Services PMI in Germany stands at 31.4 in May vs. 26.6 expected.

The German manufacturing sector contraction eased in May, the preliminary manufacturing activity report from IHS/Markit research showed this Thursday.

The German Manufacturing purchasing managers index (PMI) arrived at 36.8 in May versus 39.2 expected and 34.5 previous.

Meanwhile, Services PMI rebounded to 31.4 in May as against the previous month’s reading of 16.2 and 26.6 anticipated.

more to come …

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