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German Preliminary Manufacturing PMI Improves in October

Adel 22 October, 2021 12:28 pm Market Update

The German manufacturing sector expanded in October, the preliminary manufacturing activity report from IHS/Markit research showed this Friday. The Manufacturing PMI in Eurozone’s no.1 economy came in at 58.2 this month vs. 56.5 expected and 58.4 previous. The index reached its lowest in nine months.

Services PMI dropped to six-month lows of 52.4 in October as against 55.0 expected and 56.2 prior.

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