- Prior 89.0; revised to 88.9
- Current conditions 85.7 vs 86.5 expected
- Prior 86.4
- Expectations 89.7 vs 92.0 expected
- Prior 91.6; revised to 91.4
The readings are a disappointment and raises some questions about the recent positive vibes surrounding the German economy. The PMI readings suggest that services are helping to balance out the drag from manufacturing in the private sector, but clearly there are still some kinks that need to be ironed out. The fall in the outlook estimate is also something to keep an eye out for moving forward.
This article was written by Justin Low at investinglive.com.