Germany’s PMI data declined for April to its lowest level since 2009. PMI for April came in at 46.3 vs 48.4 (March) as against expectations of a reading of 49 on the index. The data declined on account of weak exports to countries in southern Europe pointing to evidence of troubles in the euro zone spreading over in the region.
The Flash Germany Composite Output Index for April came in at 50.9 vs 51.6 in March, touching a 5-month low.
Germany Services Activity Index for April was at 52.6 vs. 52.1 in March, reaching 2-month high.
Flash Germany Manufacturing Output Index came in at 47.8 vs 50.7 for March, a 5-month low.
Categories: General News