Germany October final services PMI 51.6 vs 51.4 prelim ...Middle East

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Germany October final services PMI 51.6 vs 51.4 prelim
Final Services PMI 51.6 vs. 51.4 expected and 50.6 prior.Final Composite PMI 48.6 vs. 48.4 expected and 47.5 prior.Key findings:HCOB Germany Services PMI Business Activity Index at 51.6 (Sep: 50.6). 3-month high. HCOB Germany Composite PMI Output Index at 48.6 (Sep: 47.5). 3-month high. New business falls for second month running, leading to further job losses.Comment:Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: “Germany's service sector remains resilient, undeterred by the sluggishness in manufacturing. Activity in the sector continues to rise steadily, maintaining modest growth and even gaining slight momentum in October. This raises the q

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