{"id":86930,"date":"2023-07-24T15:04:29","date_gmt":"2023-07-24T11:04:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=86930"},"modified":"2023-07-24T15:04:31","modified_gmt":"2023-07-24T11:04:31","slug":"business-activity-contracted-in-germany-in-july","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/business-activity-contracted-in-germany-in-july\/07\/24\/market-updates\/","title":{"rendered":"Business activity contracted in Germany in July"},"content":{"rendered":"\n<p>A preliminary survey published on Monday showed business activity contracted in Germany in July, raising the possibility of a recession in the second half of the year.<\/p>\n\n\n\n<p>The Hamburg Mercantile Bank&#8217;s composite purchasing managers&#8217; index released by Standard &amp; Poor&#8217;s Global fell to 48.3 in July from 50.6 in June, lower than analysts&#8217; expectations of a reading of 50.3.<\/p>\n\n\n\n<p>Thus, the index fell below the fifty-point level that separates growth from contraction for the first time since January.<\/p>\n\n\n\n<p>The survey showed that the downward trend was led by the manufacturing sector, whose PMI fell to 38.8 from 40.6 amid a rapid decline in demand for goods.<\/p>\n\n\n\n<p>The slowdown in service sector growth that began last month continued in July. The sector PMI reading decreased from 54.1 to 52.0.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A preliminary survey published on Monday showed business activity contracted in Germany in July, raising the possibility of a recession in the second half of the year. The Hamburg Mercantile Bank&#8217;s composite purchasing managers&#8217; index released by Standard &amp; Poor&#8217;s Global fell to 48.3 in July from 50.6 in June, lower than analysts&#8217; expectations of &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6839,7215,6987],"class_list":["post-86930","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-germany","tag-hicp","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=86930"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86930\/revisions"}],"predecessor-version":[{"id":86931,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/86930\/revisions\/86931"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33500"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=86930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=86930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=86930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}