Germany September final services PMI 50.6 vs 50.6 prelim ...Middle East

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Germany September final services PMI 50.6 vs 50.6 prelim
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Final Services PMI 50.6 vs. 50.6 expected and 51.2 prior.Final Composite PMI 47.5 vs. 47.2 expected and 48.4 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 50.6 (Aug: 51.2). 6-month low. HCOB Germany Composite PMI Output Index at 47.5 (Aug: 48.4). 7-month low. Growth expectations slump to lowest in a year.Comment:Commenting on the PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “The services sector is starting to lose its role as an anchor of economic stability. Growth in the sector has slowed for the fourth month in a row, nearly coming to a halt in September. What is really worrying is the sharp drop in new orders, which had alrea

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