German Preliminary Manufacturing PMI jumps to 45.4 in May vs. 43.1 expected

TheHCOB Manufacturing PMI in the Eurozone’s economic powerhouse came in at 45.4 this month, improving from April’s 42.5 while much above the expected 43.1 print. The index climbed to the highest level in four months. Meanwhile, Services PMI rose from 53.2 in April to 53.9 in May, above the market consensus of 53.5 in the reported period. The measure hit an 11-month peak. The HCOB Preliminary German Composite Output Index stood at 52.2 in May vs. 51.0 expectedand 50.6 recorded in April.

Euro was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.05% -0.09% -0.09% -0.11% -0.04% -0.20% -0.13% EUR 0.05% -0.04% -0.03% -0.06% 0.00% -0.17% -0.08% GBP 0.09% 0.04% 0.02% -0.02% 0.05% -0.12% -0.04% JPY 0.09% 0.03% -0.02% -0.02% 0.04% -0.18% -0.05% CAD 0.11% 0.06% 0.02% 0.02% 0.07% -0.09% -0.03% AUD 0.04% -0.01% -0.05% -0.04% -0.07% -0.16% -0.11% NZD 0.20% 0.17% 0.12% 0.18% 0.09% 0.16% 0.07% CHF 0.13% 0.08% 0.04% 0.05% 0.03% 0.11% -0.

Source: News Formal (newsformal.com)

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