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ICYMI:🇩🇪🔻 Germany S&P Global Composite PMI Falls to Contraction

Writer's picture: Rosbel DuránRosbel Durán
Jul 22, 2022

  • S&P Global Composite PMI for Germany fell to 48.0 from 51.3, the figure missed estimates of 50.1

  • The manufacturing gauge surprised to the downside after it recorded at 49.2

  • S&P Global said the decline in output was broad-based as the manufacturing sector extended declines while the services sector fell into contraction for the first time since December


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