Germany’s PMI composite fell to 45.8, suggests -0.4% GDP contraction in Q4

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<p>Germany PMI Manufacturing rose from 39.6 to 40.7 in October, a 5-month high. PMI Services fell from 50.3 to 48.0. PMI Composite fell from 46.4 to 45.8. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “With the HCOB PMI indices baked into our GDP nowcast, we are calculating a -0.4 percent slip […]</p>
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