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Germany's preliminary July PMIs overachieve

By FXstreet.com,  July 22, 2010, 03:48:00 AM EDT

FXstreet.com (Barcelona) - Markit economics released the preliminary results on Germany's PMI Services and Manufacturing with better-than-expected results on both counts.

The services Index expected to barely oscillate leaped from 54.8 over the market forecast of 54.5 to an improved 57.3.

The Manufacturing PMI didn't lag behind and overturned an expected drop from 58.4 previous reading to 58.0 into a surge up to 61.2.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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