Germany July Composite PMI Preliminary 48.0...Below Expectations
[Asia Economy Reporter Hyunju Lee] Germany's composite Purchasing Managers' Index (PMI) for July recorded 48.0, falling short of expectations.
The expected composite PMI for Germany in July was 50.1, with the previous figure at 51.3.
Generally, a PMI above 50 indicates economic expansion, while below 50 signifies contraction.
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Germany's manufacturing PMI also fell short, recording 49.2 compared to the expected 50.6 and the previous 52.0.
This content was produced with the assistance of AI translation services.
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