Open Demo Account
Home / Market Update / German Flash Manufacturing PMI Eases to 57.9 in November

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.

Tags

Check Also

Ascent Above $4,200: Rate Cut Anticipation and Geopolitical Fear Drive Gold’s Historic Surge

Gold is currently undergoing an explosive and historic rally, trading firmly above the $4,200 mark, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends