Germany July final services PMI 52.5 vs. 52.0 prelim ...Middle East

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Germany July final services PMI 52.5 vs. 52.0 prelim
source : forex live ( Middle East ) () 32
Final Services PMI 52.5 vs. 52.0 prelim and 53.1 prior.Final Composite PMI 49.1 vs. 48.7 prelim and 50.4 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 52.5 (Jun: 53.1). 4-month low. HCOB Germany Composite PMI Output Index at 49.1 (Jun: 50.4). 4-month low. Output prices rise at slowest rate since April 2021.Comment:Commenting on the PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “If one were to go by the newspaper headlines, one would have to conclude that the concerts of Taylor Swift and her fans, the Swifties, have supported services activity in Germany. Even with the concerts, however, the growth pace has actually slowed down fo

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