Mon, Jun 21, 2021 @ 04:59 GMT
HomeLive CommentsGermany PMI services finalized at 49.9 in Apr, recovery stopped in its...

Germany PMI services finalized at 49.9 in Apr, recovery stopped in its tracks

Germany PMI Services was finalized at  49.9 in April 49.9 in April, down from March’s 51.5, back below the 50 no-change threshold. PMI Composite stayed strong at 55.8, despite retreating from March’s 37-month high of 57.3.

Phil Smith, Economics Associate Director at IHS Markit said: “The tightening of COVID-19 lockdown measures in April stopped the service sector’s recovery in its tracks… The continued strong performance seen in manufacturing is spilling over to services, notably supporting a rise in activity for transport & storage businesses…. April’s survey highlighted a continued rise in cost pressures across the service sector, albeit at nothing like the same rate as seen in manufacturing.”

Full release here.

Featured Analysis

Learn Forex Trading