Germany July Manufacturing PMI Preliminary 50.0... Exceeds Expectations

[Asia Economy Reporter Jeong Dong-hoon] Germany's preliminary Manufacturing Purchasing Managers' Index (PMI) for July was recorded at 50.0.

On the 24th, financial information provider IHS Markit announced that this figure exceeded the previous confirmed figure of 45.2 and the expert forecast of 48.0 surveyed by Dow Jones.

Thus, Germany's manufacturing PMI reached the baseline of '50', which separates economic expansion from contraction, marking the highest level in 19 months.

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