Germany PMI composite dropped to 37.2, unprecedented collapse hints at steep recession

<p>German PMI Manufacturing dropped to 45.7 in March, down from 48.0, hitting a 2-month low. PMI Services dropped to 34.5, down from 52.5, a record low. PMI Composite dropped to 37.2, down from 50.7, a 133-month low. Commenting on the flash PMI data, Phil Smith, Principal Economist at IHS Markit said: “The unprecedented collapse in […]</p>
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