Germany’s economy maintained strong growth momentum at the start of 2018 thanks to the fastest rise in service sector business activity for nearly seven years. Growth in the manufacturing sector was meanwhile below the record level seen at the end of 2017 but still among the highest seen over the past two decades. Job creation in the private sector economy meanwhile gathered pace to reach the fastest seen since early-2011.
German Manufacturing PMI down, Services PMI at sevn-month high
Private sector output in Germany maintained strong growth momentum in January, fueling optimism over the health of the euro zone's largest economy, preliminary data showed on Wednesday. The preliminary German services purchasing managers’ index rose to a nearly seven-year high of 57.0 this month from 55.8 in December, easily topping expectations for a reading of 55.6 The flash manufacturing purchasing managers’ index declined to 61.2 from a final reading of 63.3 in December. Analysts had expected the index to slip to 63.2 in January.
- Popular
-
UK still likely to leave the EU with a negotiated agreement, says Number 10
A successful deal with the European Union remains the “most… -
Sentix Investors Confidence rose to 14.7 in August
The summer heat in Europe is also causing economic temperatures… -
German factory orders -4.0% seasonally adjusted on the previous month
Based on provisional data, the Federal Statistical Office (Destatis) reports… -
China's July exports growth still seen holding up despite U.S. tariffs: Reuters poll
China's exports are expected to have maintained solid growth in…
Tags
aud/usd2605
boe106
brexit96
china122
cpi147
daily fundamental2278
daily technical2199
ecb113
eur/usd1497
eurozone88
EurUsd1227
forex8896
gbp/usd1447
GbpUsd1111
gdp95
industrial production106
inflation73
interest rates219
ppi93
rba91
resistance71
retail sales125
support71
trade balance108
uk188
unemployment claims160
unemployment rate122
usd1004
weekly fundamental565
weekly technical419