Germany PMI composite rose to 31.4, any hope of swift pick-up dashed

<p>Germany PMI Manufacturing rose to 36.8 in May, up from 34.5, but missed expectation of 40.0. PMI Services rebounded strongly to 31.4, up from 16.2, beat expectation of 26.0. PMI Composite rose to 31.4, up from 17.4. Phil Smith, Principal Economist at IHS Markit said: “Any hopes of a swift pick-up in activity across the […]</p>
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