Germany PMI composite dropped to 17.1, shocking picture of the pandemic’s impact

<p>Germany PMI Manufacturing dropped to 34.4 in April, down from 45.4, a 133-month low. PMI services dropped to 15.9, down from 31.7, record low. PMI Composite dropped to 17.1, down from 35.0, also a record low. Phil Smith, Principal Economist at IHS Markit said: “The headline PMI’s reading of 17.1 paints a shocking picture of […]</p>
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