The composite purchasing managers’ index (PMI) for Germany, which encompasses the services and industrial sectors, fell from 55.5 in September to 52 in October, reaching the lowest level since February, according to a final survey released. this Thursday by IHS Markit. The result confirmed the preliminary estimate for October.
Germany’s services PMI alone fell from 56.2 in September to 52.4 in October, touching its lowest level in six months. Also in this case, the definitive reading confirmed the preview and came in line with the projection of analysts consulted by the The Wall Street Journal.
Despite the falls, PMIs above 50 indicate expansion of activity in Germany in October, albeit at a more contained pace than in the previous month.
The composite PMI post from Germany retreats to 52 in October, confirming a preview first appeared in ISTOÉ DINHEIRO.
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