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German Flash Manufacturing PMI Eases to 57.9 in November

Adel 23 November, 2020 1:53 pm Market Update

According to the preliminary manufacturing activity report from IHS/Markit research, released this Monday, the flash version of the German Manufacturing PMI eased to 57.9 in November. The reading was still better than consensus estimates pointing to a fall to 56.5 from a 30-month high level of 58.2 recorded in the previous month.

Meanwhile, the gauge for the services sector fell further into contraction territory and came in at a four-month low level of 46.2 as against market expectations for a reading of 46.3 and 49.5 previous.

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