Services PMI 52.0 vs. 53.1 expected and 53.1 prior.Manufacturing PMI 42.6 vs. 44.0 expected and 43.5 prior.Composite PMI 48.7 vs. 50.7 expected and 50.4 prior.Key Findings:HCOB Flash Germany Composite PMI Output Index(1) at 48.7 (June: 50.4). 4-month low. HCOB Flash Germany Services PMI Business Activity Index(2) at 52.0 (June: 53.1). 4-month low. HCOB Flash Germany Manufacturing PMI Output Index(4) at 42.2 (June: 45.1). 9-month low. HCOB Flash Germany Manufacturing PMI(3) at 42.6 (June: 43.5). 3-month low.Comment:Commenting on the flash PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: "This looks like a serious problem. Germany’s economy fell back into cont
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