Germany May flash services PMI 53.9 vs. 53.5 expected ...Middle East

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Germany May flash services PMI 53.9 vs. 53.5 expected
Services PMI 53.9 vs. 53.5 expected and 53.2 prior.Manufacturing PMI 45.4 vs. 43.1 expected and 42.5 prior.Composite PMI 52.2 vs. 51.0 expected and 50.6 prior.Key Findings:HCOB Flash Germany Composite PMI Output Index at 52.2 (Apr: 50.6). 12-month high. HCOB Flash Germany Services PMI Business Activity Index at 53.9 (Apr: 53.2). 11-month high. HCOB Flash Germany Manufacturing PMI Output Index at 48.9 (Apr: 45.4). 13-month high. HCOB Flash Germany Manufacturing PMI at 45.4 (Apr: 42.5). 4-month high.Comment:Commenting on the flash PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: "These numbers offer hope. The manufacturing output index has reached its highest

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