Germany’s manufacturing PMI fell less-than-expected last month, preliminary data showed on Friday. In a report, Markit Economics said that German manufacturing PMI fell to a seasonally adjusted 59.3, from 59.5 in the preceding month. Analysts had expected German manufacturing PMI to fall to 59.0 last month. However, German service sector activity fell unexpectedly last month. In a report, Markit Economics said that German Services PMI fell to 53.7, from 55.4 in the preceding month. Analysts had expected German Services PMI to rise to 55.5 last month.
In the US session New Home Sales figures were released. Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.9 percent above the revised April rate of 593,000 and is 8.9 percent above the May 2016 estimate of 560,000. The median sales price of new houses sold in May 2017 was $345,800.
From Eurozone, on Monday, German Business Confidence data will be released. Analysts do not expect any change. In the US session Durable Goods Orders figures will be published. Decline by 0.5% is anticipated.
Figures to watch:
German Ifo Business Climate (Monday 10:00)
Durable Goods Orders (Monday 14:30)
