Germany’s lackluster PMI numbers may hamper Euro
Thursday, May 21, 2015 8:58 AM UTC
- German Manufacturing PMI: Manufacturing PMI is decreased to 51.4 in May of 2015 from 52.1 in April of 2015. The Index measures the performance of the manufacturing sector and is derived from a survey of 500 industrial companies.
- German Services PMI: Services PMI is decreased to 52.9 index points in May of 2015 from 54.0 in April of 2015. The index measures the performance of the service sector and is derived from a survey of 500 service oriented companies.
- German composite PMI: decreased to 54.1 Index Points in April of 2015 from 55.4 Index Points in March of 2015. Composite Output Index tracks business trends across both the manufacturing and service sectors, based on data collected from a representative panel of over 1,000 companies.
We foresee the Euro zone's pressure has been intensified by these types of data releases in tough times of Greece crisis.