Germany PMI composite soars to 53.3, indicative of 0.2% GDP expansion in Q2

Germany’s PMI Manufacturing ticked up from 41.9 to 42.2 in April, below expectation of 42.9. PMI Services jumped from 50.1 to 53.3, well above expectation of 50.5, a 10-month high. PMI Composite rose from 47.7 to 50.5, also a 10-month high.
Read more...