Germany Flash PMI - Business Insider
..It is pretty clear that if Cinderella's slipper no longer fits, and
it certainly seems Germany is failing, that it doesn't matter what
Draghi says..
"Germany Markit Flash purchasing managers index (PMI) fell to 47.3 in
July, down from 48.1 in June. This represents the sixth straight month
of declines.
A reading below 50 signals contraction. So, this number only
intensifies worries that Europe's largest economy may be slipping into
recession.
The manufacturing component slipped to 43.3, missing expectations for 45.0.
The services activity component fell to 49.7, missing expectations for 50.0."
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